Starks, Laura T.2011-07-062017-05-112011-07-062017-05-112011-05May 2011http://hdl.handle.net/2152/ETD-UT-2011-05-3169textI investigate mutual fund flows at the individual fund and at the fund family level. At the individual, I use SEC filings to decompose fund flows into inflows and outflows. This decomposition of net flows into its component parts provides a way to examine differences in how search costs and investor learning affect investors who are entering a fund (or adding to their investments) versus those investors who are leaving a fund (or decreasing their investments). I then examine the effect of the existence of an advertisement for the fund on these investors. At the mutual fund family level, I examine how the characteristics and performance of mutual fund families affect the flows to the family as a whole. I then examine the effects of advertising expenditures on flows to the fund family.application/pdfengMutual fundsNet flowsAdvertisingMutual fund familiesTradingInvestmentsthesis2011-07-062152/ETD-UT-2011-05-3169