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Article

Issues in Mutual Fund Distribution

John A. Haslem
The Journal of Wealth Management Spring 2016, 18 (4) 36-58; DOI: https://doi.org/10.3905/jwm.2016.18.4.036
John A. Haslem
is Professor Emeritus of Finance in the Robert H. Smith School of Business at the University of Maryland in College Park, MD. jhaslem@rhsmith.umd.edu
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Abstract

This article provides an in-depth discussion of important issues related to mutual fund distribution. The first two topics are fund distribution channel characteristics and Rule 12b-1 fees and distribution. Distribution channel characteristics discuss direct channel, advice channel, retirement channel, institutional channel, supermarket channel, and multiple-share classes. Rule 12b-1 fees and distribution discuss the adoption of Rule 12b-1, Rule 12b-1 after adoption, current 12b-1 fees, issues with 12b-1 fees, and a summary of 12b-1 fees attributes. The remaining topics include directsold and broker-sold services, Rule 12b-1 fees and revenue sharing, revenue sharing issues, “soft-dollar” trading, distribution and flows, opacity and agency conflicts, expenseshifting agency conflicts, and intermediated distribution and portfolio managers.

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The Journal of Wealth Management: 18 (4)
The Journal of Wealth Management
Vol. 18, Issue 4
Spring 2016
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Issues in Mutual Fund Distribution
John A. Haslem
The Journal of Wealth Management Jan 2016, 18 (4) 36-58; DOI: 10.3905/jwm.2016.18.4.036

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Issues in Mutual Fund Distribution
John A. Haslem
The Journal of Wealth Management Jan 2016, 18 (4) 36-58; DOI: 10.3905/jwm.2016.18.4.036
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Jump to section

  • Article
    • Abstract
    • DISTRIBUTION CHANNEL CHARACTERISTICS
    • RULE 12B-1 FEES AND DISTRIBUTION
    • DIRECT SOLD AND BROKER-SOLD SERVICES
    • 12B-1 FEES AND REVENUE SHARING
    • REVENUE SHARING ISSUES
    • SOFT-DOLLAR TRADING
    • DISTRIBUTION AND FLOWS
    • OPACITY AND AGENCY CONFLICTS
    • EXPENSE SHIFTING AND AGENCY CONFLICTS
    • INTERMEDIATED DISTRIBUTION AND PORTFOLIO MANAGERS
    • CONCLUSION
    • REFERENCES
  • Info & Metrics
  • PDF

Cited By...

  • Mutual Fund Revenue Sharing and Defensive 12b-1 Plans: "Oz Revisited"
  • Scopus (1)
  • Google Scholar

More in this TOC Section

  • Editor’s Letter
  • Book Review: Wealth of Wisdom: The Top 50 Questions Wealthy Families Ask
  • The Tax Benefits of Relaxing the Long-Only Constraint: Do They Come from Character or Deferral?
Show more Article

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