The Fund Industry

Author : Robert Pozen,Theresa Hamacher
Publisher : John Wiley & Sons
Page : 549 pages
File Size : 51,7 Mb
Release : 2015-02-02
Category : Business & Economics
ISBN : 9781118929940

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The Fund Industry by Robert Pozen,Theresa Hamacher Pdf

A guide to how your money is managed, with foreword by Nobel laureate Robert Shiller The Fund Industry offers a comprehensive look at mutual funds and the investment management industry, for fund investors, those working in the fund industry, service providers to the industry and students of financial institutions or capital markets. Industry experts Robert Pozen and Theresa Hamacher take readers on a tour of the business of asset management. Readers will learn how to research a fund and assess whether it's right for them; then they'll go behind the scenes to see how funds are invested, sold and regulated. This updated edition expands coverage of the segments of the industry where growth is hottest, including hedge funds, liquid alternatives, ETFs and target date funds—and adds an introduction to derivatives. Mutual funds are a key component of financial planning for 96 million Americans. Nearly a quarter of U.S. household savings are invested in funds, which give individual investors affordable access to professional management. This book provides a detailed look at how firms in the industry: Invest those savings in stocks and bonds Evaluate the risks and returns of funds Distribute funds directly to consumers or through financial advisors or retirement plans Handle the complex operational and regulatory requirements of mutual funds Vote proxies at the annual meetings of public companies Expand their operations across borders Along the way, the authors describe the latest trends and discuss the biggest controversies—all in straightforward and engaging prose. The Fund Industry is the essential guide to navigating the mutual fund industry.

Author : Robert Pozen,Theresa Hamacher
Publisher : John Wiley & Sons
Page : 366 pages
File Size : 50,7 Mb
Release : 2011-01-13
Category : Business & Economics
ISBN : 9780470949931

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The Fund Industry by Robert Pozen,Theresa Hamacher Pdf

Every investor, student of finance and participant in the mutual fund industry needs to read this book The Fund Industry details how mutual funds are marketed, regulated, and invested in stocks and bonds. The book also describes the critical factors needed to choose a specific fund for your investment or retirement plan, including what to look for when reading prospectuses, shareholder reports and third party reviews. In addition, the book: Discusses the spread of mutual funds to Asia, Europe, and Latin America Compares mutual funds to other investment vehicles such as hedge funds and ETFs Shows how to sort mutual funds by categories and subcategories based on security type and investment objective Other titles by Pozen: Too Big to Save? How to Fix the U.S. Financial System, also by Wiley Fundamentals of the Fund Industry is the most in-depth and up-to-date guide to navigating the mutual fund industry, written in an accessible style with many examples and charts.

Author : Lee Gremillion
Publisher : John Wiley & Sons
Page : 295 pages
File Size : 42,9 Mb
Release : 2012-06-22
Category : Business & Economics
ISBN : 9781118428726

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Mutual Fund Industry Handbook by Lee Gremillion Pdf

"The Mutual Fund Industry Handbook is a remarkably important work . . . I am profoundly impressed by the broad and comprehensive sweep of information and knowledge that this book makes available to industry participants, college and business school students, and anyone else with a serious interest in this industry." -- From the Foreword by John C. Bogle President, Bogle Financial Markets Research Center Founder and former chief executive, The Vanguard Group A Foreword by John C. Bogle, founder of The Vanguard Group and one of the most respected leaders in the mutual fund industry, sets the stage for this authoritative book that explains the complexities of the phenomenal industry in simple terms. Investors like the fact that mutual funds offer professional management, easy diversification, liquidity, convenience, a wide range of investment choices, and regulatory protection. Mutual Fund Industry Handbook touches on all of those features and focuses on the diverse functions performed in the day-to-day operations of the mutual fund industry. You'll learn about: Front-office functions-analysis, buying, and selling. Back-office functions, including settlement, custody, accounting, and reporting. Commission structures-front-end loads, back-end loads, or level loads. The various fund categories used by the Investment Company Institute, Morningstar, and Lipper. The roles played by fund managers, investment advisors, custodial banks, distributors, transfer agents, and other third-party service providers. If you want a definitive reference on the mutual fund industry, this is the book for you.

Author : R. Glenn Hubbard,Michael Koehn,Jimmy Royer,Stanley Ornstein,Marc Van Audenrode
Publisher : Columbia University Press
Page : 254 pages
File Size : 54,5 Mb
Release : 2010
Category : Business & Economics
ISBN : 9780231151825

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The Mutual Fund Industry by R. Glenn Hubbard,Michael Koehn,Jimmy Royer,Stanley Ornstein,Marc Van Audenrode Pdf

Mutual funds form the bedrock of retirement savings in the United States, and, considering their rapid growth over recent decades, are sure to become even more financially critical in the coming decades. Because the size of fees paid by investors to mutual fund advisers can strongly affect the return on investment, these fees have become contentious in Congress and the courts, with many arguing that investment advisers grow rich at the expense of investors. This groundbreaking book not only conceptualizes a new economic model for the industry but uses this model to test price competition between investment advisers. Its highly experienced authors track the growth of the industry over the past twenty-five years and present the arguments and evidence both for and against theories of adviser malfeasance, as well as the assertion that market forces fail to protect investors' returns from excessive fees. The volume briefly reviews the regulatory history of mutual fund fees and leading case decisions addressing excessive fees. It also reveals the extent to which the governance structure of mutual funds impacts fund performance. There is no greater text for those who seek to understand today's mutual fund industry, including investors, money managers, fund directors, securities lawyers, economists, and those concerned with regulatory policy toward mutual funds

Author : Daniel Stoffman
Publisher : MacFarlane Walter & Ross
Page : 268 pages
File Size : 41,5 Mb
Release : 2000
Category : Business & Economics
ISBN : 1551990520

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The Money Machine by Daniel Stoffman Pdf

Daniel Stoffman became intrigued by the mutual fund industry while writing the phenomenal bestseller Boom Bust & Echo with David K. Foot. The stock markets, driven by baby boomers saving for their retirement, were enjoying an extended bull run. Mutual funds -- which few people had even heard of in the sixties -- were becoming the investment vehicle of choice.Stoffman's first surprise was that the fund companies see themselves not as financial institutions but as manufacturers of products. These products are marketed to consumers, just like soft drinks or automobiles or razor blades. The most successful companies aren't those that provide the best returns on clients' investments, they're the ones that most effectively market their products.The industry has done a fine job of keeping investors ignorant of its workings, Stoffman discovered, and with good reason. Most are unaware of the fees they pay to own mutual funds. Few realize that financial planners are remunerated by the fund companies into which they put their clients' money, which means their advice may not be objective. And not many understand that mutual fund companies can thrive even when they deliver mediocre performance.As baby boomers retire and find them-selves with the time to manage their own investments, they're becoming more knowledgeable, more discerning, and more reluctant to pay the sometimes exorbitant fees charged by the fund companies. All of this points to increasing consolidation among the mutual fund companies, Stoffman believes, and growing public pressure to reform the industry.

Author : Lee L. Gremillion
Publisher : National Investment Company Service Company
Page : 375 pages
File Size : 41,5 Mb
Release : 2001-01-01
Category : Mutual funds
ISBN : 0970584504

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A Purely American Invention by Lee L. Gremillion Pdf

Discusses the U. S. open-end mutual fund industry - its history, what fund companies do and what their management functions and issues are.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 16 pages
File Size : 51,9 Mb
Release : 2004-10-21
Category : Business & Economics
ISBN : 9781451939262

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Hedge Fund industry by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper analyzes developments in the hedge fund industry. The significant growth of hedge funds, driven by institutional investors, has heightened the desire by the official sector to better understand hedge funds and their activities. The paper examines how one may achieve a better understanding of hedge funds and their market activities, particularly for financial stability considerations. The paper reviews and updates developments in the hedge-fund industry since the previous IMF study in 1998, and considers what progress has been made to satisfy various recommendations and proposals from that time.

Author : David Loader
Publisher : Elsevier
Page : 224 pages
File Size : 54,5 Mb
Release : 2011-02-23
Category : Business & Economics
ISBN : 9780080468150

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Fundamentals of Fund Administration by David Loader Pdf

Fundamentals of Fund Administration fills a gap in the lack of books that cover the administration and operations functions related to funds. With the growth of hedge funds globally there is more and more requirement for fund administration services, and the success of the fund administration is crucial to the success of the funds themselves in a highly competitive market. As the focus on operational risk, cost effective support and administration of trading and investment and the ability to design, develop and deliver added-value services for clients grows there is a need for a comprehensive analysis of what happens from trade to settlement and beyond and the exact role that the fund administrator may be required to provide. The book helps those responsible for managing and supervising fund administration services by examining the decisions, actions and problems at the various stages as well as explaining the products and infrastructure that services support. Concise, easy to read format explains extensive and complicated procedures with lively, easy to follow road maps Comprehensive reference work with extensive glossary of terms, useful website addresses and further reading recommendations Covers all the major stages with detailed explanations of what is required for effective completion and regulatory compliance

Author : R. Glenn Hubbard,Michael F. Koehn,Stanley I. Ornstein,Marc Van Audenrode,Jimmy Royer
Publisher : Columbia University Press
Page : 252 pages
File Size : 52,6 Mb
Release : 2010-04-01
Category : Business & Economics
ISBN : 9780231525329

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The Mutual Fund Industry by R. Glenn Hubbard,Michael F. Koehn,Stanley I. Ornstein,Marc Van Audenrode,Jimmy Royer Pdf

Mutual funds form the bedrock of retirement savings in the United States, and, considering their rapid growth, are sure to be more critical in the future. Because the size of fees paid by investors to mutual fund advisers can strongly affect the return on investment, these fees have become a contentious issue in Congress and the courts, with many arguing that investment advisers grow rich at the expense of investors. This ground-breaking book not only conceptualizes a new economic model of the mutual fund industry, but also uses this model to test for price competition between investment advisers, evaluating the assertion that market forces fail to protect investors' returns from excessive fees. Highly experienced authors track the growth of the industry over the past twenty-five years and present arguments and evidence both for and against theories of adviser malfeasance. The authors review the regulatory history of mutual fund fees and summarize leading case decisions addressing excessive fees. Revealing the extent to which the governance structure of mutual funds truly impacts fund performance, this book provides the best understanding of today's mutual fund industry and is a vital tool for investors, money managers, fund directors, securities lawyers, economists, and anyone concerned with the regulation of mutual funds.

Author : Matthew P. Fink
Publisher : OUP USA
Page : 358 pages
File Size : 42,7 Mb
Release : 2011-01-13
Category : Business & Economics
ISBN : 9780199753505

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The Rise of Mutual Funds by Matthew P. Fink Pdf

"A terrific new book." --- Chuck Jaffe, MarketWatch.com --

Author : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance
Publisher : Unknown
Page : 164 pages
File Size : 46,7 Mb
Release : 1994
Category : Government publications
ISBN : 016046871X

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Mutual Fund Industry by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance Pdf

Author : William Baumol,Stephen M. Goldfeld,Lilli A. Gordon,Frank-Michael Köhn
Publisher : Springer Science & Business Media
Page : 250 pages
File Size : 40,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400921856

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The Economics of Mutual Fund Markets: Competition Versus Regulation by William Baumol,Stephen M. Goldfeld,Lilli A. Gordon,Frank-Michael Köhn Pdf

The original impetus for this research was provided several years ago by a request to assist Counsel for Fidelity Management and Research Corporation in analyzing the mutual fund industry, with particular emphasis on money market mutual funds. We were asked to focus our efforts on the mechanism by which the advisory fees of mutual funds are determined. This request arose out of litigation that challenged the level of advisory fees charged to the shareholders of the Fidelity Cash Reserve Fund. Subsequently, we were asked to provide similar assistance to Counsel for T. Rowe Price Associates regarding the fees charged to shareholders of their Prime Reserve Fund. 1940, advisers of Under the Investment Company Act of mutual funds have a fiduciary duty with respect to the level of fees they may charge a fund's shareholders. Since the passage of the Investment Company Act, there have been numerous lawsuits brought by shareholders alleging that advisory fees were excessive. In these lawsuits, the courts have failed to provide a set of standards for determining when such fees are excessive. Instead, they have relied on arbitrary and frequently ill-defined criteria for jUdging the reasonableness of fees. This failure to apply economic-based tests for evaluating the fee structure of mutual funds provided the motivation for the present book, which undertakes a comprehensive analysis of the economics of the mutual fund industry.

Author : Louis Lowenstein
Publisher : John Wiley & Sons
Page : 242 pages
File Size : 49,5 Mb
Release : 2008-03-31
Category : Business & Economics
ISBN : 9780470280201

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The Investor's Dilemma by Louis Lowenstein Pdf

Based on cutting-edge research by leading corporate critic Louis Lowenstein, The Investor’s Dilemma: How Mutual Funds Are Betraying Your Trust and What to Do About It reveals how highly overpaid fund sponsors really operate and walks you through the conflicts of interest found throughout the industry. Page by page, you’ll discover the real problems within the world of mutual funds and learn how to overcome them through a value-oriented approach to this market.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 53,8 Mb
Release : 2024-05-20
Category : Electronic
ISBN : 9789814469920

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Hedge Fund Alpha by Anonim Pdf

Author : Mark Mobius
Publisher : John Wiley & Sons
Page : 203 pages
File Size : 49,7 Mb
Release : 2007-03-16
Category : Business & Economics
ISBN : 9780470821435

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Mutual Funds by Mark Mobius Pdf

Each book in the series cuts through the jargon and mystique of the financial markets to give the reader a clear picture of how and why these markets function as they do. Key features include: clear definitions of financial terms worked examples of transactions and contracts summaries and overviews valuation techniques quick Quiz questions to reinforce the learning experience strip cartoons to explain complex trades entertaining cartoons from Alex to lighten the load war stories and anecdotes from Mark Mobius based on his remarkable experiences other Resources section to guide the reader to other useful books, websites and reference material