Krahnen, Jan P.; Schmid, Frank A.; Theissen, Erik - Institut für Finanzmarktforschung, Wirtschafts- und … - 2006
We study a set of German open-end mutual funds for a time period during which this industry emerged from its infancy. In those years, the distribution channel for mutual funds was dominated by the brick-and-mortar retail networks of the large universal banks. Using monthly observations from...