Mutual Fund Industry Handbook

Description

"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. Review: Read it if you work in the Investment Management industry - Very comprehensive book that gives a very different perspective on the Mutual Fund industry. While most books focus on the investor's perspective by explaining the different kinds of funds and their associated risk / return profiles, helping investors chose the best fund for their needs, this book is for professionals who work in the industry and want to understand how a investment management firm functions - its various groups and divisions and how all of them come together to serve the business. I read this book when after spending years in the financial services industry I got my first job at a asset management firm and it helped me understand the business impact of the technology team that I was a part of. Review: Most well-written book you'll probably find - I needed a good resource to learn about the securities and MF industry. This book is by far better written and more accessible than most other books - much better than Pozen's book on MFs and other popular books like "after the trade is made". Actually was enjoyable to read with great explanations and interesting sidebars. Very comprehensive with good diagrams.