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What is Brokers about?

This paper examines the influence of brokers and financial advisors on investments in load funds, finding that higher load funds attract more investment flows, indicating that these intermediaries are key decision-makers. It highlights that while brokers and advisors chase past performance like no-load fund investors, they tend to direct clients towards smaller funds that may yield better performance. The study also notes a shift in the mutual fund landscape, with load funds increasing in market share at th

Author

darshansharath158

Language

EN