Download or read book Mutual Fund Fees written by United States. General Accounting Office and published by . This book was released on 2000 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mutual fund fees additional disclosure could encourage price competition report to congressional requesters written by and published by DIANE Publishing. This book was released on with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mutual Funds Information on Trends in Fees and Their Related Disclosure written by Richard J. Hillman and published by DIANE Publishing. This book was released on 2008-08 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Millions of U.S. households have invested in mutual funds whose value exceeded $6 trillion in 2003. The fees and other costs that these investors pay as part of owning mutual funds can significantly affect their investment returns. Press reports suggest that mutual fund fees have increased during the market downturn in the several years prior to 2003. In addition, questions have been raised as to whether the disclosures of these fees and other costs, such as brokerage commissions, are sufficiently transparent. In March 2003, a report showed the trends in mutual fund fees from 1990 and 1998 for large funds that were calculated by collecting data on how these 76 funds¿ fees changed from 1998 to 2001. Charts and tables.
Download or read book Swing Pricing and Fragility in Open end Mutual Funds written by Dunhong Jin and published by International Monetary Fund. This book was released on 2019-11-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to prevent runs on open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds’ net asset values to pass on funds’ trading costs to transacting shareholders. Using unique data on investor transactions in U.K. corporate bond funds, we show that swing pricing eliminates the first-mover advantage arising from the traditional pricing rule and significantly reduces redemptions during stress periods. The positive impact of alternative pricing rules on fund flows reverses in calm periods when costs associated with higher tracking error dominate the pricing effect.
Download or read book The Mutual Fund Industry written by R. Glenn Hubbard and published by Columbia University Press. This book was released on 2010 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mutual funds form the bedrock of retirement savings in the United States, and, considering their rapid growth over recent decades, are sure to become even more financially critical in the coming decades. Because the size of fees paid by investors to mutual fund advisers can strongly affect the return on investment, these fees have become contentious in Congress and the courts, with many arguing that investment advisers grow rich at the expense of investors. This groundbreaking book not only conceptualizes a new economic model for the industry but uses this model to test price competition between investment advisers. Its highly experienced authors track the growth of the industry over the past twenty-five years and present the arguments and evidence both for and against theories of adviser malfeasance, as well as the assertion that market forces fail to protect investors' returns from excessive fees. The volume briefly reviews the regulatory history of mutual fund fees and leading case decisions addressing excessive fees. It also reveals the extent to which the governance structure of mutual funds impacts fund performance. There is no greater text for those who seek to understand today's mutual fund industry, including investors, money managers, fund directors, securities lawyers, economists, and those concerned with regulatory policy toward mutual funds
Download or read book Mutual Fund Fees and Expenses written by David M. Smith and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fees and expenses paid by mutual fund investors take multiple forms. Some charges are deducted from the fund's value in clear view of the investor. For other charges the amount is disclosed yet they are deducted out of the investors' sight. The magnitude of certain charges is essentially invisible to fund investors. The purpose of this chapter is to describe the various fee and expense categories associated with mutual funds, and their consequences for investors.
Download or read book The Impact of Reporting of Dollar Amount of Mutual Fund Fees on Fee Levels written by Sitikantha Parida and published by . This book was released on 2018 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2004 the SEC began requiring mutual funds to include the dollar amount of fund fees in shareholders reports. Before that, funds reported returns net of fees and didn't disclose fees separately. This natural experiment allows me to study the impact of separate reporting of fees on the level of fund fees. I find that average retail fund fees decreased by 27 basis points during the five-year period after the change in this rule, compared to the five-year period before the change. This reduction in fees was much higher for funds with higher fees and more volatile returns. I also find that fund investment became more sensitive to fund fees after 2004. These findings support the narrative that reporting of mutual fund fees separately in dollars made fund fees more salient and helped increase fee awareness among the investors, which, in turn, forced mutual funds to decrease fees.
Download or read book Invest Wisely written by and published by . This book was released on 1996 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Investment Company Act Release written by United States. Securities and Exchange Commission and published by . This book was released on 1967 with total page 974 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The ETF Book written by Richard A. Ferri and published by John Wiley & Sons. This book was released on 2011-01-04 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by veteran financial professional and experienced author Richard Ferri, The ETF Book gives you a broad and deep understanding of this important investment vehicle and provides you with the tools needed to successfully integrate exchange-traded funds into any portfolio. Each chapter of The ETF Book offers concise coverage of various issues and is filled with in-depth insights on different types of ETFs as well as practical advice on how to select and manage them.
Download or read book Sound Mind Investing written by Austin Pryor and published by Sound Mind Investings. This book was released on 2000 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many excellent books teach God's principles of finance. Perhaps they have helped you lay a strong biblical foundation for carrying out your money management responsibilities. But as you try to apply those principles to real-life investing decisions, it's easy to feel overwhelmed by jargon and the sheer number of possibilities.Sound Mind Investing is a next step guide that helps you put Godly principles of finance in motion. Whether you're a beginner or an experienced investor, you'll benefit from stepping across this bridge between theory and action. Each lesson is written in everyday English and filled with helpful visual aids. This book can help you chart your financial future by using the same concepts that have made Austin's newsletter America's best-selling investment newsletter written from a biblical perspective. Whether you invest a little or a lot, these biblical principles apply to you.
Download or read book Mutual Fund Fees and Expenses written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mutual Fund Management Fees written by James Poley and published by . This book was released on 1961 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mutual Fund Industry Handbook written by Lee Gremillion and published by John Wiley & Sons. This book was released on 2012-06-22 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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.
Download or read book Calculating Mutual Fund Fees and Expenses written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Great Mutual Fund Trap written by Gregory Arthur Baer and published by Broadway. This book was released on 2002 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on years of experience, two financial experts warn investors of the potential financial hazards of mutual funds, discussing the hidden costs of such funds, providing realistic insights into how such funds operate, and offering helpful advice on how to protect one's investments.
Download or read book The Economics of Mutual Fund Markets Competition Versus Regulation written by William Baumol and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: The original impetus for this research was provided several years ago by a request to assist Counsel for Fidelity Management and Research Corporation in analyzing the mutual fund industry, with particular emphasis on money market mutual funds. We were asked to focus our efforts on the mechanism by which the advisory fees of mutual funds are determined. This request arose out of litigation that challenged the level of advisory fees charged to the shareholders of the Fidelity Cash Reserve Fund. Subsequently, we were asked to provide similar assistance to Counsel for T. Rowe Price Associates regarding the fees charged to shareholders of their Prime Reserve Fund. 1940, advisers of Under the Investment Company Act of mutual funds have a fiduciary duty with respect to the level of fees they may charge a fund's shareholders. Since the passage of the Investment Company Act, there have been numerous lawsuits brought by shareholders alleging that advisory fees were excessive. In these lawsuits, the courts have failed to provide a set of standards for determining when such fees are excessive. Instead, they have relied on arbitrary and frequently ill-defined criteria for jUdging the reasonableness of fees. This failure to apply economic-based tests for evaluating the fee structure of mutual funds provided the motivation for the present book, which undertakes a comprehensive analysis of the economics of the mutual fund industry.
