Pozen R. Hamacher T. The Fund Industry: How Your Money is Managed

2nd edition. — Wiley, 2021. — 544 p. — ISBN 978-1118929940.An information to how your cash is managed, with foreword by Nobel laureate Robert ShillerThe Fund Industry affords a complete have a look at mutual funds and the funding administration trade, for fund buyers, these working within the fund trade, service suppliers to the trade and college students of monetary establishments or capital markets. Industry consultants Robert Pozen and Theresa Hamacher take readers on a tour of the enterprise of asset administration. Readers will discover ways to analysis a fund and assess whether or not it is proper for them; then they will go behind the scenes to see how funds are invested, bought and controlled. This up to date version expands protection of the segments of the trade the place progress is hottest, together with hedge funds, liquid alternate options, ETFs and goal date funds―and provides an introduction to derivatives.Mutual funds are a key element of monetary planning for 96 million Americans. Nearly 1 / 4 of U.S. family financial savings are invested in funds, which give particular person buyers inexpensive entry to skilled administration.This book gives an in depth have a look at how corporations within the trade:Invest these financial savings in shares and bonds
Evaluate the dangers and returns of funds
Distribute funds on to shoppers or by monetary advisors or retirement plans
Handle the complicated operational and regulatory necessities of mutual funds
Vote proxies on the annual conferences of public firms
Expand their operations throughout bordersAlong the best way, the authors describe the newest traits and talk about the largest controversies―all in simple and interesting prose. The Fund Industry is the important information to navigating the mutual fund trade.