%0 Journal Article %A John A. Haslem %T Mutual Fund “Soft-Dollar” Arrangements: Analysis
and Findings %D 2016 %R 10.3905/jwm.2016.19.2.101 %J The Journal of Wealth Management %P 101-107 %V 19 %N 2 %X Mutual fund bundling services under soft-dollar arrangements may benefit shareholders—but it is also possible that they waste shareholder capital. We examine two major questions concerning bundling actively managed equity fund research and services in soft-dollar arrangements. First, do soft-dollar arrangements provide higher risk-adjusted fund performance and/or lower advisory fees? And second, are shareholder assets wasted through use of soft-dollar arrangements? The research findings answer “yes” only to the second question.TOPICS: Mutual funds/passive investing/indexing, information providers/credit ratings %U https://jwm.pm-research.com/content/iijwealthmgmt/19/2/101.full.pdf