Empirical Research on Chinese Open-end Fund Fees and Expense Ratios

摘要

As an emerging financial market,China's capital market plays an increasingly more important role in economic development and social life.This paper discusses the development and the rational expense ratio model of Chinese open-end funds.We built 2 models,but only one passed the test.The result shows that only the type of fund is an important factor for the expense ratio in China,which is quite different from the US funds.The paper also analyses the reasons for the difference.