Mutual funds are the dominant form of investment companies in the
United States today, with approximately $7 trillion in assets under
management. Over the past half century an important body of
academic research has addressed various issues about the nature of
these companies. These works focus on a wide range of topics,
including fund performance, investment style, and expense issues,
among others.
MUTUAL FUNDS: Fifty Years of Research Findings is designed for
the academic researcher interested in the various issues
surrounding mutual funds and for the practitioner interested in
funds for investment purposes. The authors briefly trace the
historical evolution of funds, present important aspects of the
Investment Company Act of 1940, and then summarize a substantial
portion of the academic literature which has been written over the
past five decades.
"This book presents an outstanding wealth of information on
mutual funds in a remarkably readable format. It is probably the
most comprehensive work currently available on funds. The book
sheds light on the numerous issues surrounding mutual fund
performance and pricing and is an important resource for any
serious investor."
Kathleen A. Wayner, Bowling Portfolio Management, President and
CEO
General
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