book

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

by Theresa Hamacher, Robert Pozen

February 2015

Beginner

544 pages

15h 30m

English

Wiley

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ADVANTAGES AND DISADVANTAGES OF MUTUAL FUNDSHISTORY AND GROWTHREGULATORS AND INDUSTRY ASSOCIATIONSCHAPTER SUMMARYNOTES
BUYING AND SELLING FUND SHARESTHE PASS-THROUGH TAX STATUS OF MUTUAL FUNDSA VIRTUAL CORPORATIONETHICAL STANDARDSALTERNATIVES TO MUTUAL FUNDSCHAPTER SUMMARYNOTES

MUTUAL FUNDS AND DISCLOSURETHE SUMMARY PROSPECTUSBEYOND THE SUMMARY PROSPECTUSUSING THE USER GUIDESCHAPTER SUMMARYNOTES
DELINEATING YOUR OWN INVESTMENT OBJECTIVESEVALUATING PERFORMANCETHE TAXONOMY OF MUTUAL FUNDSCHAPTER SUMMARYNOTES
THE FOCUS ON FUND EXPENSESDISTRIBUTION EXPENSESOPERATING EXPENSESTHE MANAGEMENT FEETHE ACTIVE VERSUS PASSIVE DEBATECHAPTER SUMMARYNOTES
STOCK RESEARCHPUTTING IT ALL TOGETHER: MANAGING A STOCK FUNDCHAPTER SUMMARYNOTES
BOND FUND HOLDINGSPUTTING IT ALL TOGETHER: MANAGING A BOND FUNDCHAPTER SUMMARYNOTES
USES OF DERIVATIVES IN FUNDSREGULATION OF DERIVATIVES IN FUNDSNOTES
MONEY MARKET FUNDS AND THE FINANCIAL SYSTEMRULE 2A-7MONEY MARKET FUND HOLDINGSPUTTING IT ALL TOGETHER: MANAGING A MONEY MARKET FUNDCHAPTER SUMMARYNOTES
THE IMPORTANCE OF TRADINGTHE U.S. STOCK MARKETSTHE ROLE OF THE MUTUAL FUND TRADERTRADING IN BOND FUNDSCHAPTER SUMMARYNOTES
MUTUAL FUNDS AND THE PROXY VOTING PROCESSPROXY VOTING BY MUTUAL FUNDSACTIVISM AND MUTUAL FUNDSCURRENT ISSUES IN PROXY VOTINGPROXY VOTING OUTSIDE THE UNITED STATESCHAPTER SUMMARYNOTES
WHAT SELLS MUTUAL FUNDS?DISTRIBUTION CHANNELSFUND PLATFORMSDISTRIBUTION STRATEGYCHAPTER SUMMARYNOTES
THE BENEFITS OF TAX-DEFERRED SAVINGHISTORY AND GROWTH OF 401(K) PLANSCONTRIBUTIONS TO 401(K) PLANSINVESTMENT OPTIONS IN 401(K) PLANSTARGET DATE FUNDSPLAN ADMINISTRATIONCHAPTER SUMMARYNOTES
INDIVIDUAL RETIREMENT ACCOUNTSVARIABLE ANNUITIESTHE FUTURE OF RETIREMENT INCOME IN THE UNITED STATESCHAPTER SUMMARYNOTES
THE TRANSFER AGENTFUND ACCOUNTINGINVESTMENT OPERATIONSCHAPTER SUMMARYNOTES
A BRIEF HISTORYADVANTAGES AND DISADVANTAGESLEGAL STRUCTUREOPERATIONSPORTFOLIO HOLDINGSTHE FUTURE OF ETFsCHAPTER SUMMARYNOTES
TRADITIONAL HEDGE FUNDSTRADITIONAL HEDGE FUND INVESTORSTHE NEW HEDGE FUNDS: LIQUID ALTERNATIVESCHAPTER SUMMARYNOTES
THE GROWTH IN CROSS-BORDER INVESTINGADVANTAGES AND RISKS OF INVESTING OVERSEASOPERATIONAL CHALLENGES OF INVESTING OVERSEASPUTTING IT ALL TOGETHER: MANAGING A GLOBAL OR INTERNATIONAL FUNDCHAPTER SUMMARYNOTES
THE GLOBAL MARKET FOR INVESTMENT FUNDSMODELS FOR A GLOBAL FUND BUSINESSTHE UCITS MODELCHAPTER SUMMARYNOTES
CHILE'S RETIREMENT SYSTEMSINGAPORE'S RETIREMENT SYSTEMNOTES
ROBERT POZENTHERESA HAMACHER, CFA

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

Acknowledgments

We'd like to thank the following subject matter experts who took the time to provide background information and review drafts. They are:

Chapter 3 on disclosure documents: Judy Hogan.

Chapter 7 on bond funds: Jerry Webman.

Chapter 8 on money market funds: Jane Heinrichs.

Chapter 9 on trading: Daniel Farrell.

Chapter 10 on proxy voting: Matthew R. Filosa.

Chapter 11 on retail distribution: Lee Kowarski.

Chapters 12 and 13 on retirement: Members of the NICSA Retirement Committee: co-chairs Allan Browns and Perri Williams and members Holly Denton and Sharon Scheid. Also, the retirement specialist team at OppenheimerFunds.

Chapter 13 on IRAs and annuities: Danielle Holland and Frank O'Connor.

Chapter 14 on fund operations: John Gray and NICSA board members Brian Jones and Fred Quatrocky.

Chapter 15 on ETFs: Karl-Otto Hartmann.

Chapter 16 on hedge funds: Joseph H. Morgart and Karl-Otto Hartmann.

Chapters 17 and 18 on cross-border investing and asset gathering: Christopher R. Bohane.

Appendix to Chapter 18 on Chile and Singapore: Lourdes Long.

We thank the following individuals for their fast responses to our questions: Tony D'Elia, Frank Polefrone, Debbie Seidel, Eileen Storz-Salino, Shiv Taneja and Mark Trenchard.

Bob thanks his wife Liz for her patience and support. He thanks Bob Shiller for graciously agreeing to write the Foreword to the book. He also is grateful to Theresa for taking the lead in doing the substantial revisions needed to produce such an excellent ...