Mutual Fund Industry Handbook

The mutual fund industry is a $17.4 trillion global industry.

That’s 17 trillion dollars with a “t.” It’s also the third-largest financial asset in the world, right behind real estate and derivatives.

Mutual funds serve two primary functions. First, they are a way to pool money together to invest in stock and bonds, which is called investment management. The other function is that they are a way to manage risk; they allow investors to spread their money around without losing all of their assets if the market tanks (this helps people sleep at night).

Mutual funds have been around for nearly 100 years, and their popularity has grown exponentially since the 1940s. In the past 20 years alone, usage of mutual funds has tripled.

The mutual fund industry is absolutely massive, with new players entering into the game every day. However, this also means that there are thousands of different types of mutual funds being offered to investors today—and they’re not all created equally!

In this handbook, we’ll cover everything you need to know about mutual funds: what they are, how they work, what kind of risk is involved, how you can use them in your portfolio… and much more!

If what you’re looking for is where you can download mutual fund industry handbook as a PDF file, then you could get a true feel of the book as you have requested. This book is a wonderful finance books that you can easily find on most eBooks websites. To download the book, you can download it on this no charge eBook Portal. So there you have it, go ahead and gain unlimited access to this book together with other finance books in ease.

About The Mutual Fund Industry Book Pdf

“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.

Table Of Contents For Mutual Fund Industry Handbook

CoverContentsTitleCopyrightDedicationForewordAcknowledgmentsChapter 1: Introduction to the IndustryChapter 2: A Brief History of Mutual Funds in the United StatesChapter 3: Overview of Industry StructureChapter 4: The Mutual Fund—Product DefinitionChapter 5: The Investment Management Front OfficeChapter 6: The Investment Management Back OfficeChapter 7: Fund Accounting, Audit, Legal, and Other Support FunctionsChapter 8: Fund Distribution: The Broker ChannelChapter 9: The Direct, Bank, and Institutional ChannelsChapter 10: Cross-Channel Issues: Advertising and Retirement InvestingChapter 11: The Transfer Agent, Part 1—Shareholder Record KeepingChapter 12: The Transfer Agent, Part 2—Customer ServiceChapter 13: Other Service ProvidersChapter 14: Going Abroad: Open-End Funds Outside the United StatesChapter 15: Going Forward: Issues and ChallengesIndex

About The Author

LEE GREMILLION is a former partner at PricewaterhouseCoopers where he provided operations and systems expertise to many U.S. mutual funds, insurance companies, investment managers, pension administrators, and banks.¿ He earned a doctoral degree from Harvard Business School and was professor of management information systems at Indiana University and Boston University. Dr. Gremillion worked for IBM and The Colonial Group, Inc., before joining PricewaterhouseCoopers.

THE BOSTON INSTITUTE OF FINANCE (BIF) ( develops and distributes multimedia and interactive learning solutions for professionals in the financial services industry. BIF possesses the largest digital repository of training material in the industry and manages the certification and training programs of thousands of corporate and individual learners in the United States and around the world.

THE NATIONAL INVESTMENT COMPANY SERVICE ASSOCIATION (NICSA) is a not-for-profit trade association serving the operations sector of the mutual fund industry worldwide. NICSA provides leadership, education programs, and information exchanges to its members, which consists of over 400 companies worldwide.

About the author

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