Simulation results
| 4 investment pools | 9 investment pools | No investment pool | |
|---|---|---|---|
| Number of maintained investment pools | 1.9412 | 2.0234 | · |
| (0.7630) | (1.9463) | ||
| Size of investment pools | 1.1919 | 0.5966 | · |
| (0.2535) | (0.1925) | ||
| Score | 0.2500 | 0.2458 | 0.2414 |
| (0.0246) | (0.0230) | (0.0346) | |
| Fee | 0.4262 | 0.4352 | 0.4463 |
| (0.0171) | (0.0185) | (0.0455) | |
| First quality factor | 0.4748 | 0.4663 | 0.4725 |
| (0.0294) | (0.0396) | (0.0651) | |
| Second quality factor | 0.4359 | 0.4533 | 0.4658 |
| (0.1982) | (0.0436) | (0.0625) |
| 4 investment pools | 9 investment pools | No investment pool | |
|---|---|---|---|
| Number of maintained investment pools | 1.9412 | 2.0234 | · |
| (0.7630) | (1.9463) | ||
| Size of investment pools | 1.1919 | 0.5966 | · |
| (0.2535) | (0.1925) | ||
| Score | 0.2500 | 0.2458 | 0.2414 |
| (0.0246) | (0.0230) | (0.0346) | |
| Fee | 0.4262 | 0.4352 | 0.4463 |
| (0.0171) | (0.0185) | (0.0455) | |
| First quality factor | 0.4748 | 0.4663 | 0.4725 |
| (0.0294) | (0.0396) | (0.0651) | |
| Second quality factor | 0.4359 | 0.4533 | 0.4658 |
| (0.1982) | (0.0436) | (0.0625) |
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