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Pooling Money - The Future of Mutual Funds (Paperback)
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Pooling Money - The Future of Mutual Funds (Paperback)
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"One of the first rules of investing is diversification: spreading
resources over many types of investments in order to minimize
financial risk. Mutual funds have been the diversification vehicle
of choice for the last several decades. In recent years, however,
other opportunities for diversification-such as separately managed
accounts and exchange-traded funds-have enjoyed rapid growth. What
lies ahead for the mutual fund industry in light of this
increasingly competitive environment? In this volume, experts from
the United States and Japan look at forces of change in their
securities markets and offer their views of the future for mutual
funds and other forms of securities diversification. Contributors
include Harold Bradley (Kauffman Foundation), Koichi Iwai (Nomura
Institute of Capital Markets Research),Ajay Khorana (Georgia
Institute of Technology),Allan Mostoff (Mutual Fund Directors
Forum), Brian Reid (Investment Company Institute), Henri Servaes
(London Business School), Paula Tkac (Federal Reserve Bank of
Atlanta), and Peter Wallison (American Enterprise Institute). "
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