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Costly Search and Mutual Fund Flows

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Figure

Figure 1. The mean growth rate of 690 open-end U.S. equity mutual funds as a func- func-tion of their relative performance, fee levels, and return volatility, 1970 through 1990.
Table II
Table IV
Table VII shows the impact of media attention on fund f lows, using con- con-temporaneous media coverage, prior media coverage, and residual prior  me-dia coverage
+2

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