Anagol, Santosh; Kim, Hugh Hoikwang - In: American Economic Review 102 (2012) 1, pp. 576-93
We study a natural experiment in the Indian mutual funds sector that created a 22-month period in which closed-end funds were allowed to charge an arguably shrouded fee, whereas open-end funds were forced to charge entry loads. Forty-five new closed-end funds were started during this period,...