Competition in the U.S. Mutual Fund Industry: A performance evaluation of actively managed domestic equity mutual funds
I evaluate a total of 204 U.S. equity mutual funds split into one major group and one additional group for the time period 2002-2016. The major group consists of the ten largest U.S. mutual fund families based on AUM while the additional group consists of a sample of the remaining operative U.S. mutual fund families. The major group manages 58% of U.S. mutual fund supply, thus indicating a non-com
