☰

Business & Money

Corporate Finance

The Mutual Fund Industry: Competition and Investor Welfare (Columbia Business School Publishing)

Sold Out / Out of Stock

The Mutual Fund Industry: Competition and Investor Welfare (Columbia Business School Publishing)

Mutual funds form the bedrock of retirement savings in the United States, and, considering their rapid growth, are sure to be more critical in the future. Because the size of fees paid by investors to mutual fund advisers can strongly affect the return on investment, these fees have become a contentious issue in Congress and the courts, with many arguing that investment advisers grow rich at the expense of investors.

This ground-breaking book not only conceptualizes a new economic model of the mutual fund industry, but also uses this model to test for price competition between investment advisers, evaluating the assertion that market forces fail to protect investors' returns from excessive fees. Highly experienced authors track the growth of the industry over the past twenty-five years and present arguments and evidence both for and against theories of adviser malfeasance. The authors review the regulatory history of mutual fund fees and summarize leading case decisions addressing excessive fees.

Revealing the extent to which the governance structure of mutual funds truly impacts fund performance, this book provides the best understanding of today's mutual fund industry and is a vital tool for investors, money managers, fund directors, securities lawyers, economists, and anyone concerned with the regulation of mutual funds.

Country	USA
Brand	Columbia University Press
Manufacturer	Columbia Business School Publishing
Binding	Hardcover
ItemPartNumber	9780231151825
Model	9780231151825
UnitCount	1
Format	Illustrated
EANs	9780231151825
ReleaseDate	0000-00-00

You might also like...

Mutual Fund Industry Handbook : A Comprehensive Guide for Investment Professionals

Mutual Fund Industry Handbook : A Comprehensive Guide for Investment Professionals

Balance: The Economics of Great Powers from Ancient Rome to Modern America

Balance: The Economics of Great Powers from Ancient Rome to Modern America

The Fund Industry: How Your Money is Managed (Wiley Finance)

The Fund Industry: How Your Money is Managed (Wiley Finance)

CFA Institute Industry Guides: The Asset Management Industry

CFA Institute Industry Guides: The Asset Management Industry