Mutual Fund Agency Conflicts

Journal of Index Investing, Vol. 3, No. 2, pp.12-22, Fall 2012

10 Pages Posted: 8 Sep 2012 Last revised: 27 Mar 2017

See all articles by John A. Haslem

John A. Haslem

University of Maryland - Robert H. Smith School of Business; University of Maryland - Robert H. Smith School of Business

Multiple version iconThere are 2 versions of this paper

Date Written: September 8, 2012

Abstract

The purpose of this study is to discuss various types of agency conflicts that negatively impact mutual fund shareholder interests. In so doing, shareholders should get an improved understanding of conflicts that place them at such a disadvantage in fund investing. Many fund advisers are motivated to use each available agency conflict to their advantage. But, even if not, conflicts in the Investment Company Act of 1940, adverse court decisions, and the 2003 fund scandal have done quite enough harm to shareholders. Several major findings of fund agency conflicts with shareholders are discussed.

Keywords: mutual funds, agency conflicts, shareholder interests, ICA, court decisions, fund scandal

JEL Classification: G2, G23, G28

Suggested Citation

Haslem, John A. and Haslem, John A., Mutual Fund Agency Conflicts (September 8, 2012). Journal of Index Investing, Vol. 3, No. 2, pp.12-22, Fall 2012, Available at SSRN: https://ssrn.com/abstract=2143664

John A. Haslem (Contact Author)

University of Maryland - Robert H. Smith School of Business ( email )

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Washington, DC DC 20016
United States
202-236 3172 (Phone)

University of Maryland - Robert H. Smith School of Business ( email )

College Park, MD 20742
United States
202-387 2025 (Phone)

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