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Finance and Credit
 

How much do investors really pay for active management of equity mutual fund?

Vol. 18, Iss. 31, AUGUST 2012

Available online: 16 August 2012

Subject Heading: FINANCIAL SPHERE

JEL Classification: 

Afanasiev E.V. Doctor of Economics, Professor of department "Securities and Exchange", the Russian Economic University named after G. V. Plekhanov
e.v.afanasiev@mail.ru

Simonyan V.V. Graduate Student of department "Banking and Securities", the Russian Economic University named after G. V. Plekhanov
vigen.simonyan@mail.ru

In the article it is noted that expenses of active management of investment funds in Russia exceed similar expenses in the countries of Europe and the USA in times. Expenses on management taking into account efficiency are even higher. The correlation of some Russian funds of actions with MICEX index is considered, according to the corresponding technique their actively operated and index parts are defined; their factors of expenses taking into account efficiency are represented.

Keywords: mutual funds, active management, expense ratios, management fee, index fund, effectiveness

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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