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An Individual Level Analysis of the Mutual Fund Investment Decision
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This study investigates the manner in which consumers make investment decisions for mutual funds. Investors
report that they consider many nonperformance related variables. When investors are grouped by similarity of
investment decision process, a single small group appears to be highly knowledgeable about its investments.
However, most investors appear to be naive, having little knowledge of the investment strategies or financial
details of their investments. Implications for mutual fund companies are discussed.
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An Individual Level Analysis of the Mutual Fund Investment Decision
Accounting
English
KLUWER ACADEMIC PUBLISHERS
1996
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