Mutual Fund Industry Handbook : A Comprehensive Guide for Investment Professionals [Hardcover]

Lee Gremillion (Author)

Book Description

ISBN-10: 0471736244 | ISBN-13: 978-0471736240 | Publication Date: September 1, 2005 | Edition: 1

"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.

Editorial Reviews

From the Inside Flap

A behind-the-scenes look at the mutual fund industry

With more than 8,000 funds, more than $8 trillion in assets, and more than 87 million individual investors at the end of 2004, mutual funds—professionally managed pooled investment vehicles that give people the opportunity to participate in the securities market without having to become money managers—are very popular.

This book focuses on open end funds, and gives you a comprehensive inside look at the mutual fund industry, including real-life examples of how specific functions are performed at various firms. You'll explore industry history and structure, investment management, portfolio operations, accounting, auditing, legal compliance, customer service, distribution, globalization, and e-commerce. You'll also learn about the cost of various mutual fund operations—both to the fund companies and to investors.?

Mutual Fund Industry Handbook does not provide information about how to select mutual funds or delve into specific funds or categories of funds. Rather, it describes every facet of mutual fund operations in an accessible and easy-to- understand manner. It also objectively addresses controversial topics, such as the fees that funds charge investors, disclosure requirements, advertising, active versus passive management, responsibilities of fund directors, and recent scandals, including illegal late trading and market timing. Mutual Fund Industry Handbook concludes with a discussion of trends and conditions that can impact the industry.

Whether you're an investment professional looking to improve your mutual fund knowledge or an investor who wants to understand what goes on behind the scenes throughout the mutual fund industry, this is the resource for you.

From the Back Cover

Praise for the Mutual Fund Industry Handbook

"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, but it also 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.

See all Editorial Reviews

Product Details

• Hardcover: 400 pages
• Publisher: Wiley; 1 edition (September 1, 2005)
• Language: English
• ISBN-10: 0471736244
• ISBN-13: 978-0471736240
• Product Dimensions: 9.3 x 6.3 x 1.3 inches
• Shipping Weight: 1.4 pounds (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars  See all reviews (5 customer reviews)
• Amazon Best Sellers Rank: #151,970 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

7 of 8 people found the following review helpful:

5.0 out of 5 stars Mutual Fund Industry Handbook, October 14, 2005

By 

Aams (New York, NY) - See all my reviews

This review is from: Mutual Fund Industry Handbook : A Comprehensive Guide for Investment Professionals (Hardcover)

Of all the books I've read on Mutual Funds this one is a true all rounder of a book on the subject. This authoritative work is a must read for beginners and seasoned professionals alike.

2 of 2 people found the following review helpful:

5.0 out of 5 stars Complementary Book, February 17, 2006

By 

Michael Mills (New York) - See all my reviews

This review is from: Mutual Fund Industry Handbook : A Comprehensive Guide for Investment Professionals (Hardcover)

Start a Successful Mutual Fund by Melinda Gerber lists this book as a recommended read. It definitely complements her book. While hers includes the costs and steps to start a mutual fund (and how to choose service providers), this one shows how a mutual fund's service providers work together. This book is for anyone interested in learning about what goes on to support a mutual fund.

6 of 8 people found the following review helpful:

5.0 out of 5 stars Most well-written book you'll probably find, November 12, 2006

By 

John Yang - See all my reviews
(REAL NAME)   

This review is from: Mutual Fund Industry Handbook : A Comprehensive Guide for Investment Professionals (Hardcover)

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.