November 2013
Beginner
368 pages
10h 31m
English
book
The Handbook of Professionally Managed Assets: A Definitive Guide to Profiting from Pooled Investments
by Keith R. Fevurly
Content preview from The Handbook of Professionally Managed Assets: A Definitive Guide to Profiting from Pooled Investments
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Summary of the Present and Future of Professionally Managed Assets
This book has considered the broad subject of professionally managed assets (PMAs) in several contexts. The first part discussed the “how and why” of PMAs,including basic investment concepts and the prevailing investment theory of modern portfolio theory (MPT) in explaining market movements and asset pricing. The book then took up individual PMAs, beginning with the most popular type: the open-ended investment company, more popularly known as a mutual fund. Three chapters were dedicated to the growth of mutual funds, long-term investing in mutual funds, and how to evaluate their ...
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