A Empirical Analysis of Finnish Mutual Funds Expenses and Returns.docVIP

Effects of Market Segmentation and Bank Concentration on Mutual Fund Expenses and Returns – Evidence from Finland Timo P. Korkeamaki* korkeamaki@ Thomas I. Smythe, Jr. thomas.smythe@ Abstract A tremendous amount of research examines U.S. mutual funds, but fund markets also thrive in other countries. However, research about these fast growing markets is lacking. This study addresses Finnish funds. Fast growth of the Finnish fund industry, strong bank dominance in the industry, and recent EU membership make it an interesting market to examine. The Finnish fund market is