The Fund Industry: How Your Money is Managed, 2nd Edition

Contents

Foreword Robert J. Shiller

Preface to the Second Edition

Acknowledgments

SECTION ONE An Investor's Guide to Mutual Funds

CHAPTER 1 Investing through Mutual Funds

Advantages and Disadvantages of Mutual Funds

History and Growth

Regulators and Industry Associations

Chapter Summary

Notes

CHAPTER 2 How Mutual Funds Work

Buying and Selling Fund Shares

The Pass-Through Tax Status of Mutual Funds

A Virtual Corporation

Ethical Standards

Alternatives to Mutual Funds

Chapter Summary

Notes

CHAPTER 3 Researching Funds: The User Guides

Mutual Funds and Disclosure

The Summary Prospectus

Beyond the Summary Prospectus

Using the User Guides

Chapter Summary

Notes

CHAPTER 4 Comparing Mutual Funds

Delineating Your Own Investment Objectives

Evaluating Performance

The Taxonomy of Mutual Funds

Chapter Summary

Notes

CHAPTER 5 The Cost of Fund Ownership

The Focus on Fund Expenses

Distribution Expenses

Operating Expenses

The Management Fee

The Active versus Passive Debate

Chapter Summary

Notes

SECTION TWO Mutual Fund Portfolio Management

CHAPTER 6 Portfolio Management of Stock Funds

Stock Research

Putting It All Together: Managing a Stock Fund

Chapter Summary

Notes

CHAPTER 7 Portfolio Management of Bond Funds

Bond Fund Holdings

Putting It All Together: Managing a Bond Fund

Chapter Summary

Notes

APPENDIX TO CHAPTER 7 Funds and Derivatives

Uses of Derivatives in Funds

Regulation of Derivatives in Funds

Notes

CHAPTER 8 Portfolio Management of Money Market Funds

Money Market Funds and the Financial ...