<?xml version="1.0" encoding="UTF-8"?><xml><records><record><source-app name="Biblio" version="7.x">Drupal-Biblio</source-app><ref-type>17</ref-type><contributors><authors><author><style face="normal" font="default" size="100%">Jin-Ying Wang</style></author><author><style face="normal" font="default" size="100%">Robert (Chi-Wing) Fok</style></author><author><style face="normal" font="default" size="100%">Ming Gao</style></author><author><style face="normal" font="default" size="100%">Yu-Jane Liu</style></author></authors></contributors><titles><title><style face="normal" font="default" size="100%">Out of Sight, Not Out of Mind: The Evidence from Taiwan</style></title><secondary-title><style face="normal" font="default" size="100%">International Review of Economics and Finance</style></secondary-title></titles><dates><year><style  face="normal" font="default" size="100%">2015</style></year></dates><urls><web-urls><url><style face="normal" font="default" size="100%">https://doi.org/10.1016/j.iref.2014.11.019</style></url></web-urls></urls><volume><style face="normal" font="default" size="100%">37</style></volume><pages><style face="normal" font="default" size="100%">138–156</style></pages><language><style face="normal" font="default" size="100%">eng</style></language><abstract><style face="normal" font="default" size="100%">This paper extends the current literatures on the relation between fund expenses and fund flows&amp;amp;amp;nbsp;using data from Taiwan. Our findings for the Taiwan market differ from previous studies on the&amp;amp;amp;nbsp;U.S. market. Specifically, we find no support for the notion of “out of sight, out of mind”. For&amp;amp;amp;nbsp;Taiwan mutual funds, net flows and inflows are negatively related to operating expenses but&amp;amp;amp;nbsp;not front-end loads. The discrepancy between our results and those reported for the U.S. market&amp;amp;amp;nbsp;may be attributed to the fee structure in Taiwan, where operating expenses are much higher&amp;amp;amp;nbsp;than front-end loads and seem to have a bigger impact on fund performance. The negative relation&amp;amp;amp;nbsp;between net flows (inflows) and operating expenses is more pronounced for funds with high&amp;amp;amp;nbsp;institutional investor participation and funds charging high operating expenses. However, investor types show no significant impact on the relations between front-end loads and various&amp;amp;amp;nbsp;measures of fund flows.</style></abstract></record></records></xml>