The effect of rule 12b-1 on bond fund expense ratios

1996 ◽  
Vol 20 (1) ◽  
pp. 65-78 ◽  
Author(s):  
Robert W. McLeod ◽  
D. K. Malhotra
Keyword(s):  
Bond Fund ◽  
Fund Expense

Geography and Local (Dis)advantage: Evidence from Muni Bond Funds

2016 ◽  
Vol 06 (03) ◽  
pp. 1650008 ◽  
Author(s):  
Saiying Deng ◽  
David Rakowski
Keyword(s):  
Mutual Fund ◽  
Knowledge Spillovers ◽  
Geographic Location ◽  
Municipal Bond ◽  
Fund Managers ◽  
Non Local ◽  
Bond Fund ◽  
Business Connections ◽  
Bond Mutual Funds ◽  
The Relationship

We examine the relationship between the geographic location of mutual fund managers and fund performance using the unique setting of single-state municipal-bond mutual funds. We find that local managers underperform non-local muni-bond fund managers. Furthermore, we document that local muni-bond fund managers perform relatively better in states with more local funds, consistent with knowledge spillovers, business connections and networking effects associated with those areas. Locals also perform relatively better in states with higher levels of political integrity, consistent with less political pressure on local fund managers in these locations. Our results are robust to several sensitivity checks.

Beware of Chasing Yield: Bond Fund Yield, Flows and Performance

2021 ◽  
Author(s):  
Hao Jiang ◽  
Lily Yuanzhi Li ◽  
Lu Zheng
Keyword(s):  
Bond Fund ◽  
And Performance

Water-depletion and single-state municipal bond fund risk

2017 ◽  
Vol 34 (2) ◽  
pp. 228-237
Author(s):  
Marta Álvarez ◽  
Javier Rodriguez
Keyword(s):  
Water Resources ◽  
Water Scarcity ◽  
Financial Assets ◽  
Municipal Bond ◽  
Content Type ◽  
The Usa ◽  
Single State ◽  
Bond Fund ◽  
The Many ◽  
The Relationship

Purpose The purpose of this paper is to investigate the relationship between single-state municipal bond fund risk and water scarcity in the USA. Design/methodology/approach The authors compare the risk profiles of funds from states with limited water resources with those from states without this issue. Findings The authors find that, as expected, funds from southern and western states, which suffer from water scarcity, are riskier than funds from other regions within the mainland USA. Although this study is concerned with which funds are riskier, it is noted that funds from the northeast are significantly less risky than funds from other regions. Originality/value Due to limited water resources, crumbling water infrastructure and continuous water-rights legal battles, water resources in the USA have become a highly sought-after commodity. In this study, we contribute to the discussion on the many repercussions of water scarcity on financial assets.

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