Description
Mutual Funds and Exchange-Traded Funds: Building Blocks to Wealth offers a synthesis of the theoretical and empirical literature primarily on mutual funds but also discusses related investment vehicles, especially ETFs. In this edited volume, noted scholars and practitioners write chapters in their areas of expertise. It interweaves the contributions of multiple authors into an authoritative overview of important but selective topics. Readers will gain an in-depth understanding of mutual funds and ETFs from experts from around the world. Based on research-based evidence, this is not intended to be a "how to" book; instead, it is a scholarly and in-depth approach to important investment subjects. Although the book places greater attention on these different types of investments in the United States, it also examines them in a global context.In today's financial environment, mutual funds and ETFs are dynamic areas that continue to evolve at a rapid pace. Because the flow of materials on the subject is voluminous, this book, by necessity, must be selective because it cannot cover every aspect of this field. However, readers can gain important insights about each investment vehicle including its structure and uses, performance and measurement. Beyond these core topics and issues, the book also examines the latest trends, cutting-edge developments, and real-world situations. Given its broad scope, this practical and comprehensive book should appeal to investors, investment professionals, academics, and others interested in mutual funds and ETFs. In particular, this book should help investors make key asset allocation decisions while capturing the benefits of a highly diversified, well-constructed, lower-cost portfolio of complementary strategies that enhance financial wealth.
Table of Contents
PART ONE BACKGROUND1. Mutual Funds and Related Investment Vehicles: An OverviewH. Kent Baker, Greg Filbeck, and Halil Kiymaz2. The Economics of Mutual Funds: Rewards and RisksDavid M. Smith3. The Role of Mutual Funds in Retirement and Education SavingsSarah A. Holden4. The Structure and Regulation of Mutual FundsRobert Grohowski and Sean CollinsPART TWO MUTUAL FUNDS AND OTHER FUND5. Open-End FundsConrad S. Ciccotello6. Target Date Funds and Other Funds of FundsAlistair Byrne and Trevor Oliver7. Closed-End FundsZ. Jay Wang8. Non-U.S. Closed-End FundsDimitris Andriosopoulos, Mary Fletcher, and Andrew Marshall9. Exchange-Traded FundsEhsan Nikbakht, Keith Pareti, and Andrew C. Spieler10. Leveraged and Inverse Exchange-Traded FundsBenjamin Aguilar, Michael Bianco, Christopher Milliken, and Andrew C. SpielerPART THREE CLASSIFICATION OF FUNDS BY PRINCIPAL INVESTMENTS11. Money Market Mutual FundsAnna Agapova12. Bond Mutual FundsSandeep Singh13. Stock Mutual FundsGrady Perdue14. Socially Responsible Mutual FundsEddy Junarsin, Enrico Libert, and Frendy15. Mutual Funds: Management Styles, Social Responsibility, Performance, and EfficiencyTamas Barko and Luc RenneboogPART FOUR ASSET ALLOCATION AND PERFORMANCE OF MUTUAL FUNDS16. Strategic Asset Allocation and RebalancingLaura Andreu and José Luis Sarto17. Building and Monitoring Mutual Fund PortfoliosLarry J. Prather, Han-Sheng Chen, and Ying-Chou Lin18. Analyzing Mutual FundsBruce A. Costa and Keith Jakob19. Predicting Mutual Fund PerformanceMatthew R. Morey20. Evaluating Mutual Fund Performance within Stochastic Discount FrameworkJonathan Fletcher21. Mutual Fund RiskRoberto Savona, Oreste Auleta, and Flippo StefaniniPART FIVE FUND STRUCTURE22. Organization, Structure, and Services of Mutual FundsMark Potter23. Selected Topics in Mutual Fund DistributionJohn A. Haslem24. Mutual Fund Disclosure and Related Fund Investor Protection FeaturesJoseph A. Franco25. New Developments in Exchange-Traded FundsOjwang' George Omondi26. Ethical Standards in Mutual FundsRosa AdamoPART SIX MUTUAL FUNDS WORLDWIDE27. Mutual Funds in Emerging and Developing MarketsParvez Ahmed28. Performance of Global Mutual FundsTarik Bazgour, Laurent Bodson, and Danielle Sougné29. Performance of ETFsPanagiotis Schizas30. Issues, Trends, and Future Developments in the Mutual Fund IndustryHunter M. Holzhauer
