{"product_id":"the-fund-industry-how-your-money-is-managed-hardback-9781118929940","title":"The Fund Industry; How Your Money is Managed (Hardback) 9781118929940","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe Fund Industry\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eHow Your Money is Managed\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003e“The result is a timely, comprehensive book for retail investors who want to know how their funds work (or don’t), for financial planners, and for students who aspire to join the fund industry.”—ValueWalk\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eRobert Pozen (Author), Theresa Hamacher (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781118929940, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 20 March 2015\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e544 pages\u003cbr\u003e23.1 x 16.5 x 4.1 cm, 0.794 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003eA guide to how your money is managed, with foreword by Nobel laureate Robert Shiller\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eThe Fund Industry\u003c\/i\u003e offers a comprehensive look at mutual funds and the investment management industry, for fund investors, those working in the fund industry, service providers to the industry and students of financial institutions or capital markets. Industry experts Robert Pozen and Theresa Hamacher take readers on a tour of the business of asset management. Readers will learn how to research a fund and assess whether it's right for them; then they'll go behind the scenes to see how funds are invested, sold and regulated. This updated edition expands coverage of the segments of the industry where growth is hottest, including hedge funds, liquid alternatives, ETFs and target date funds—and adds an introduction to derivatives.\u003c\/p\u003e \u003cp\u003eMutual funds are a key component of financial planning for 96 million Americans. Nearly a quarter of U.S. household savings are invested in funds, which give individual investors affordable access to professional management. This book provides a detailed look at how firms in the industry:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eInvest those savings in stocks and bonds\u003c\/li\u003e \u003cli\u003eEvaluate the risks and returns of funds\u003c\/li\u003e \u003cli\u003eDistribute funds directly to consumers or through financial advisors or retirement plans\u003c\/li\u003e \u003cli\u003eHandle the complex operational and regulatory requirements of mutual funds\u003c\/li\u003e \u003cli\u003eVote proxies at the annual meetings of public companies\u003c\/li\u003e \u003cli\u003eExpand their operations across borders\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAlong the way, the authors describe the latest trends and discuss the biggest controversies—all in straightforward and engaging prose. \u003ci\u003eThe Fund Industry\u003c\/i\u003e is the essential guide to navigating the mutual fund industry.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eForeword \u003ci\u003eRobert J. Shiller\u003c\/i\u003e xi\u003c\/p\u003e \u003cp\u003ePreface to the Second Edition xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection One An Investor’s Guide to Mutual Funds\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Investing through Mutual Funds 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAdvantages and Disadvantages of Mutual Funds 4\u003c\/p\u003e \u003cp\u003eHistory and Growth 8\u003c\/p\u003e \u003cp\u003eRegulators and Industry Associations 16\u003c\/p\u003e \u003cp\u003eChapter Summary 22\u003c\/p\u003e \u003cp\u003eNotes 23\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 How Mutual Funds Work 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBuying and Selling Fund Shares 28\u003c\/p\u003e \u003cp\u003eThe Pass-Through Tax Status of Mutual Funds 31\u003c\/p\u003e \u003cp\u003eA Virtual Corporation 34\u003c\/p\u003e \u003cp\u003eEthical Standards 41\u003c\/p\u003e \u003cp\u003eAlternatives to Mutual Funds 46\u003c\/p\u003e \u003cp\u003eChapter Summary 52\u003c\/p\u003e \u003cp\u003eNotes 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Researching Funds: The User Guides 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMutual Funds and Disclosure 57\u003c\/p\u003e \u003cp\u003eThe Summary Prospectus 62\u003c\/p\u003e \u003cp\u003eBeyond the Summary Prospectus 69\u003c\/p\u003e \u003cp\u003eUsing the User Guides 75\u003c\/p\u003e \u003cp\u003eChapter Summary 76\u003c\/p\u003e \u003cp\u003eNotes 77\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Comparing Mutual Funds 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDelineating Your Own Investment Objectives 80\u003c\/p\u003e \u003cp\u003eEvaluating Performance 83\u003c\/p\u003e \u003cp\u003eThe Taxonomy of Mutual Funds 88\u003c\/p\u003e \u003cp\u003eChapter Summary 101\u003c\/p\u003e \u003cp\u003eNotes 102\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 The Cost of Fund Ownership 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Focus on Fund Expenses 105\u003c\/p\u003e \u003cp\u003eDistribution Expenses 109\u003c\/p\u003e \u003cp\u003eOperating Expenses 117\u003c\/p\u003e \u003cp\u003eThe Management Fee 119\u003c\/p\u003e \u003cp\u003eThe Active versus Passive Debate 128\u003c\/p\u003e \u003cp\u003eChapter Summary 133\u003c\/p\u003e \u003cp\u003eNotes 134\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection Two Mutual Fund Portfolio Management\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Portfolio Management of Stock Funds 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStock Research 140\u003c\/p\u003e \u003cp\u003ePutting It All Together: Managing a Stock Fund 151\u003c\/p\u003e \u003cp\u003eChapter Summary 164\u003c\/p\u003e \u003cp\u003eNotes 165\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Portfolio Management of Bond Funds 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBond Fund Holdings 169\u003c\/p\u003e \u003cp\u003ePutting It All Together: Managing a Bond Fund 181\u003c\/p\u003e \u003cp\u003eChapter Summary 187\u003c\/p\u003e \u003cp\u003eNotes 188\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix to Chapter 7 Funds and Derivatives 191\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUses of Derivatives in Funds 192\u003c\/p\u003e \u003cp\u003eRegulation of Derivatives in Funds 194\u003c\/p\u003e \u003cp\u003eNotes 197\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Portfolio Management of Money Market Funds 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMoney Market Funds and the Financial System 200\u003c\/p\u003e \u003cp\u003eRule 2a-7 202\u003c\/p\u003e \u003cp\u003eMoney Market Fund Holdings 210\u003c\/p\u003e \u003cp\u003ePutting It All Together: Managing a Money Market Fund 214\u003c\/p\u003e \u003cp\u003eChapter Summary 217\u003c\/p\u003e \u003cp\u003eNotes 218\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Implementing Portfolio Decisions: Trading 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Importance of Trading 224\u003c\/p\u003e \u003cp\u003eThe U.S. Stock Markets 225\u003c\/p\u003e \u003cp\u003eThe Role of the Mutual Fund Trader 236\u003c\/p\u003e \u003cp\u003eTrading in Bond Funds 243\u003c\/p\u003e \u003cp\u003eChapter Summary 245\u003c\/p\u003e \u003cp\u003eNotes 246\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Mutual Funds as Stockholders 249\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMutual Funds and the Proxy Voting Process 249\u003c\/p\u003e \u003cp\u003eProxy Voting by Mutual Funds 253\u003c\/p\u003e \u003cp\u003eActivism and Mutual Funds 258\u003c\/p\u003e \u003cp\u003eCurrent Issues in Proxy Voting 264\u003c\/p\u003e \u003cp\u003eProxy Voting Outside the United States 266\u003c\/p\u003e \u003cp\u003eChapter Summary 268\u003c\/p\u003e \u003cp\u003eNotes 269\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection Three Sales and Operations\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Retail Distribution 275\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Sells Mutual Funds? 276\u003c\/p\u003e \u003cp\u003eDistribution Channels 277\u003c\/p\u003e \u003cp\u003eFund Platforms 284\u003c\/p\u003e \u003cp\u003eDistribution Strategy 290\u003c\/p\u003e \u003cp\u003eChapter Summary 295\u003c\/p\u003e \u003cp\u003eNotes 296\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Retirement Saving through 401(k) Plans 301\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Benefits of Tax-Deferred Saving 302\u003c\/p\u003e \u003cp\u003eHistory and Growth of 401(k) Plans 304\u003c\/p\u003e \u003cp\u003eContributions to 401(k) Plans 310\u003c\/p\u003e \u003cp\u003eInvestment Options in 401(k) Plans 312\u003c\/p\u003e \u003cp\u003eTarget Date Funds 316\u003c\/p\u003e \u003cp\u003ePlan Administration 319\u003c\/p\u003e \u003cp\u003eChapter Summary 320\u003c\/p\u003e \u003cp\u003eNotes 321\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Other Retirement Planning Options 325\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIndividual Retirement Accounts 326\u003c\/p\u003e \u003cp\u003eVariable Annuities 332\u003c\/p\u003e \u003cp\u003eThe Future of Retirement Income in the United States 334\u003c\/p\u003e \u003cp\u003eChapter Summary 339\u003c\/p\u003e \u003cp\u003eNotes 339\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Fund Operations 343\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Transfer Agent 343\u003c\/p\u003e \u003cp\u003eFund Accounting 355\u003c\/p\u003e \u003cp\u003eInvestment Operations 366\u003c\/p\u003e \u003cp\u003eChapter Summary 370\u003c\/p\u003e \u003cp\u003eNotes 372\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection Four Beyond Traditional Funds\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Exchange-Traded Funds 377\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Brief History 377\u003c\/p\u003e \u003cp\u003eAdvantages and Disadvantages 380\u003c\/p\u003e \u003cp\u003eLegal Structure 381\u003c\/p\u003e \u003cp\u003eOperations 384\u003c\/p\u003e \u003cp\u003ePortfolio Holdings 387\u003c\/p\u003e \u003cp\u003eThe Future of ETFs 393\u003c\/p\u003e \u003cp\u003eChapter Summary 394\u003c\/p\u003e \u003cp\u003eNotes 395\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Hedge Funds 399\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTraditional Hedge Funds 400\u003c\/p\u003e \u003cp\u003eTraditional Hedge Fund Investors 415\u003c\/p\u003e \u003cp\u003eThe New Hedge Funds: Liquid Alternatives 419\u003c\/p\u003e \u003cp\u003eChapter Summary 423\u003c\/p\u003e \u003cp\u003eNotes 424\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection Five The Internationalization of Mutual Funds\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Cross-Border Investing 433\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Growth in Cross-Border Investing 433\u003c\/p\u003e \u003cp\u003eAdvantages and Risks of Investing Overseas 437\u003c\/p\u003e \u003cp\u003eOperational Challenges of Investing Overseas 440\u003c\/p\u003e \u003cp\u003ePutting It All Together: Managing a Global or International Fund 444\u003c\/p\u003e \u003cp\u003eChapter Summary 448\u003c\/p\u003e \u003cp\u003eNotes 449\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Cross-Border Asset Gathering 451\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Global Market for Investment Funds 451\u003c\/p\u003e \u003cp\u003eModels for a Global Fund Business 459\u003c\/p\u003e \u003cp\u003eThe UCITS Model 464\u003c\/p\u003e \u003cp\u003eChapter Summary 473\u003c\/p\u003e \u003cp\u003eNotes 474\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix to Chapter 18 Gathering Fund Assets through Retirement Plans 477\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChile’s Retirement System 480\u003c\/p\u003e \u003cp\u003eSingapore’s Retirement System 483\u003c\/p\u003e \u003cp\u003eNotes 487\u003c\/p\u003e \u003cp\u003eAbout the Companion Website 489\u003c\/p\u003e \u003cp\u003eAbout the Authors 491\u003c\/p\u003e \u003cp\u003eIndex 493 \u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52173796376856,"sku":"9781118929940","price":34.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781118929940_154674.jpg?v=1781172221","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-fund-industry-how-your-money-is-managed-hardback-9781118929940","provider":"Freshly Printed Books","version":"1.0","type":"link"}