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OECD Working Papers on Insurance and Private Pensions No. 15: Governance and Investment of Public Pension Reserve Funds in Selected OECD Countries

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OECD Working Papers on Insurance and Private Pensions No. 15: Governance and Investment of Public Pension Reserve Funds in Selected OECD Countries

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The fact that the shortfall figures have been rising over the past twenty years indicates that the mutual fund industry's market impact problems are becoming increasingly severe. This is not surprising, given the rapid growth in the size of mutual funds and an increase in the rates of their portfolio turnover. In any event, it appears that the combination of reported expenses and market impact costs, on average, now consumes the mutual fund investor's capital at a...

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Nội dung Text: OECD Working Papers on Insurance and Private Pensions No. 15: Governance and Investment of Public Pension Reserve Funds in Selected OECD Countries

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