A study of factors affecting mutual fund fees and expenses in Thailand (2022)

Abstract

The purpose of this research is to examine factors affecting fees and expenses of mutual funds in Thailand using the mutual fund data in  2022. Statistical method was a statistical regression analysis. There are five factors of interest in this study including economies of scale, value of information and cost of monitor, performance and prestige, governance, tax benefits.

The results suggest that larger and older funds charge lower management fees and total expenses. Equity funds charge higher fees and total expenses than bond funds. Funds with higher return charge higher management fees. Active fund charge higher management fees and total expenses than the passive ones. Funds with independent directors charge higher total expenses while funds with tax benefits charge lower total expenses.