In the wake of the market timing and late trading mutual fund scandals, many mutual funds adopted redemption fees to limit market timing. In this paper we investigate the impact of redemption fees on the risk-adjusted performance of U.S. based international equity funds, the very funds that many...

In this paper we examine the link between income inequality and financial overconfidence. Using data from the FINRA Foundation’s National Financial Capability Study we measure respondents’ self-perceived and actual investment knowledge and thus identify overconfident individuals. We also...