<p>An increasing number of people in Sweden and in the rest of the world are becoming more interested in the mutual fund sector. Investments in mutual funds have grown rapidly these past few years. Nilsson (2004) wrote that 85 percent of the Swedish population invested in mutual funds in 2004. The Swedish Investment Fund Association also found an increase in investments in mutual funds; 83 billion Swedish crowns were invested in mutual funds in 2005, an increase from 56 billion in 2004.</p><p>The purpose of this thesis is to evaluate whether or not there is a relationship between low fee, middle fee, and high fee charging Swedish Equity funds and their respective performance (unadjusted and risk-adjusted returns). The Modigliani & Modigliani (1997) risk-adjusted performance measurement was used to calculate the risk-adjusted performance of the 130 mutual funds. And the linear regression was used to analyze whether or not there was a relationship between the variables (management fee vs. returns/risk-adjusted returns). The mutual funds were also divided into three different categories, based on their management fees; low, middle and high fee mutual funds.</p><p>The analysis illustrated that there was no clear relationship between the management fee and the returns/risk-adjusted returns. There was some connection found between the management fee and the low, middle fee category. However, this research confirms that investors should not believe that a mutual fund which charges higher fees necessarily generate higher returns.</p>

Thesis (Ph. D.)--University of Missouri-Columbia, 2003. / Typescript. Vita. Includes bibliographical references (leaves 246-265). Also available on the Internet.

Thesis (M.P.A.)--University of Hong Kong, 2001. / Includes bibliographical references (leaves 172-177).

Thesis (M.Ed.)--Memorial University of Newfoundland, 2002. / Bibliography: leaves 66-67.

Thesis (Ph. D.)--University of Missouri-Columbia, 2003. / Typescript. Vita. Includes bibliographical references (leaves 246-265). Also available on the Internet.

Thesis (D. Ed. Min.)--New Orleans Baptist Theological Seminary, 2003. / Includes abstract and vita. Includes bibliographical references (leaves 47-52).

Thesis (Ph.D)--Public Policy, Georgia Institute of Technology, 2010. / Committee Chair: Noonan, Douglas S.; Committee Co-Chair: Norton, Bryan; Committee Member: Bowman, Kirk; Committee Member: Fox, Mary F. Part of the SMARTech Electronic Thesis and Dissertation Collection.

Our nation is faced with a shortfall in funding desired transportation improvement programs. Texas is one of many states currently at crisis level as it is faced with an estimated annual funding shortfall of about $7 billion dollars between projected needs and transportation fund availability. This is a result of increased vehicle miles traveled and significant population growth that has outpaced the state’s transportation fund availability. Not only is the Texas transportation system declining in quality, but it is rapidly falling behind in the quantity needed to maintain current quality of life. As the Texas Mobility Fund balance approaches zero, the state needs to look toward non-traditional financing mechanisms to address its revenue shortfall. This report examines the problems associated with increased transportation demands in Texas and financing the expansion and maintenance of the state’s transportation system. / text

I investigate mutual fund flows at the individual fund and at the fund family level. At the individual, I use SEC filings to decompose fund flows into inflows and outflows. This decomposition of net flows into its component parts provides a way to examine differences in how search costs and investor learning affect investors who are entering a fund (or adding to their investments) versus those investors who are leaving a fund (or decreasing their investments). I then examine the effect of the existence of an advertisement for the fund on these investors. At the mutual fund family level, I examine how the characteristics and performance of mutual fund families affect the flows to the family as a whole. I then examine the effects of advertising expenditures on flows to the fund family. / text

Yee Cheng Loon’s dissertation abstract Model uncertainty exists in the mutual fund literature. Researchers employ a variety of models to estimate risk-adjusted return, suggesting a lack of consensus as to which model is correct. Model uncertainty makes it difficult to draw clear inference about mutual fund performance persistence. We explicitly account for model uncertainty by using Bayesian model averaging techniques to estimate a fund’s risk-adjusted return. Our approach produces the Bayesian model averaged (BMA) alpha, which is a weighted combination of alphas from individual models. Using BMA alphas, we find evidence of performance persistence in a large sample of US equity, bond and balanced mutual funds. Funds with high BMA alphas subsequently generate higher risk-adjusted returns than funds with low BMA alphas, and the magnitude of outperformance is economically and statistically significant. We also find that mutual fund investors respond to the information content of BMA alphas. High BMA alpha funds receive subsequent cash inflows while low BMA alpha funds experience subsequent cash outflows.