Mutual funds: portfolio structures, analysis, management, and stewardship

Covering major theoretical and management issues in fund analysis and portfolio management, it is an authoritative guide to understanding mutual funds and getting the most out of your investments in them. The authors first provide anoverview of the nature, structure, and services of open-end mutual funds, introducing the characteristics of an open-end fund and how they compare to thoseof alternative investment vehicles. They then explain how the financial markets really work and how prices are setoffering some well-researched cautions about active versus passive portfolio management. They go on to discuss specificstrategies for investment in mutual funds, making a strong case for index fund investing, and also compare the advantages and disadvantages of mutual fundsversus exchange-traded funds (ETFs). The book concludes with a hard look at the recent scandals in the mutual fund industry and offers sound advice on how to evaluate whether the managers of the funds you own are truly acting as trustees of other peoples money. The open-end mutual fund offers investors a rangeof desirable features, including liquidity, diversification, professional management, and more. For anyone who wants to make more informed decisions about choosing funds, this collection of in-depth contributions will prove to be an essential guide.

• ISBN: 978-0-470-49909-2
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 358
• Fecha Publicación: 20/11/2009
• Nº Volúmenes: 1
• Idioma: Inglés