Table 1

Summary statistics

NAVAMTAgeTotal
Expense
Ratio
Compensa-tion
Panel A: Pooled
N290,020290,020290,020290,020290,020
Mean591.49603.687.911.710.1752
Std1954.941994.214.220.570.6269
5%2.182.221.760.900.0006
25%20.7721.194.531.400.0061
50%69.9271.297.481.640.0203
75%308.46314.2110.942.000.0851
95%2779.072842.1815.283.000.8079
Panel B: Cross-sectional means
N575575575575575
Mean501.21511.687.551.720.1502
Std1238.661266.762.860.580.4071
5%14.6915.303.860.860.0035
25%33.4833.995.031.400.0098
50%96.05100.107.421.640.0278
75%332.08342.089.112.100.1029
95%2434.892455.5613.072.850.7189

Note(s): NAV, AMT, and compensation are measured in hundred million Korean won (₩100 million). Age is measured in years, and the total expense ratio is expressed as an annualized percentage

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