I don’t know if this is necessarily true, because often times outperforming firms get inflows of assets. Then they wouldn’t have to raise their fees because they make more money by taking the same (or lower) fees off of a larger pool of assets.
There may be research out there that completely disproves my hypothesis, it is just a hypothesis, but I don’t think one can necessarily make that logical jump.
I don’t know if this is necessarily true, because often times outperforming firms get inflows of assets. Then they wouldn’t have to raise their fees because they make more money by taking the same (or lower) fees off of a larger pool of assets.
There may be research out there that completely disproves my hypothesis, it is just a hypothesis, but I don’t think one can necessarily make that logical jump.