an analysis of mutual strongfundstrong trading costs.pdf

* An analysis of mutual fund trading costs John M.R. Chalmers Lundquist College of Business 1208 University of Oregon Eugene, OR 97403-1208 jchalmer@oregon.uoregon.edu Roger M. Edelen The Wharton School University of Pennsylvania Philadelphia, PA 19104-6367 edelen@wharton.upenn.edu Gregory B. Kadlec Pamplin College of Business Virginia Tech Blacksburg, VA 24060-0221 kadlec@vt.edu This Version: November 23, 1999 First Version: March 15, 1998 * We thank Grant Cullen, Diane Del Guercio, Jarrad Harford, Craig MacKinlay, Abon Mozumdar, Wayne Mikkelson, Megan Partch, Russ Wermers, and Lu Zheng for helpful suggestions. This work has also benefited from the comments of seminar participants at the Massachusetts Institute of Technology, the University of Illinois-Champaign-Urbana, the University of th Maryland, the University of Oregon, Virginia Tech, the 14 Annual Pacific Northwest Finance Conference, the 1999 Western Finance Association meetings, and the Micro workshop at Wharton. We thank Julia Acton, John