000			04338nam a22006135i 4500
001			183494
003			IT-RoAPU
005			20221214232039.0
006			m|||||o||d||||||||
007			cr || ||||||||
008			220302t20102010nyu fo d z eng d
019			_a(OCoLC)979753936
020			_a9780231151825 _qprint
020			_a9780231525329 _qPDF
024	7		_a10.7312/hubb15182 _2doi
035			_a(DE-B1597)9780231525329
035			_a(DE-B1597)458955
035			_a(OCoLC)647929708
040			_aDE-B1597 _beng _cDE-B1597 _erda
050		4	_aHG4930 _b.M852 2010eb
072		7	_aBUS036030 _2bisacsh
082	0	4	_a332.63/27 _222
084			_aonline - DeGruyter
100	1		_aHubbard, R. Glenn _eautore
245	1	4	_aThe Mutual Fund Industry : _bCompetition and Investor Welfare / _cMichael Koehn, R. Glenn Hubbard, Stanley Ornstein, Jimmy Royer, Marc Van Audenrode.
264		1	_aNew York, NY : _bColumbia University Press, _c[2010]
264		4	_c©2010
300			_a1 online resource (256 p.) : _b5 illus., 26 tables
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_atext file _bPDF _2rda
490	0		_aColumbia Business School Publishing
505	0	0	_tFrontmatter -- _tContents -- _tFigures -- _tTables -- _tForeword -- _tPreface -- _tIntroduction -- _t1. Mutual Fund Industry Growth and Importance in Retirement Plans -- _t2. Mutual Funds and Charges of Excessive Fees: The Historical Background -- _t3. Mutual Fund Excessive Fees and the Courts -- _t4. Price Competition and the Demand for Mutual Funds -- _t5. Mutual Fund Industry Structure and Indicators of Price Competition -- _t6. Mutual Fund Pricing, Excessive Fees, and Empirical Evidence -- _t7. Mutual Funds' Organizational Form and Conflicts of Interest -- _t8. What Have We Learned? -- _tAppendix to Chapter Four -- _tAppendix to Chapter Seven -- _tNotes -- _tBibliography -- _tIndex
506	0		_arestricted access _uhttp://purl.org/coar/access_right/c_16ec _fonline access with authorization _2star
520			_aMutual funds form the bedrock of retirement savings in the United States, and, considering their rapid growth, are sure to be more critical in the future. Because the size of fees paid by investors to mutual fund advisers can strongly affect the return on investment, these fees have become a contentious issue in Congress and the courts, with many arguing that investment advisers grow rich at the expense of investors. This ground-breaking book not only conceptualizes a new economic model of the mutual fund industry, but also uses this model to test for price competition between investment advisers, evaluating the assertion that market forces fail to protect investors' returns from excessive fees. Highly experienced authors track the growth of the industry over the past twenty-five years and present arguments and evidence both for and against theories of adviser malfeasance. The authors review the regulatory history of mutual fund fees and summarize leading case decisions addressing excessive fees.Revealing the extent to which the governance structure of mutual funds truly impacts fund performance, this book provides the best understanding of today's mutual fund industry and is a vital tool for investors, money managers, fund directors, securities lawyers, economists, and anyone concerned with the regulation of mutual funds.
530			_aIssued also in print.
538			_aMode of access: Internet via World Wide Web.
546			_aIn English.
588	0		_aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022)
650		0	_aFinancial services industry _zUnited States.
650		0	_aInvestment advisors _zUnited States.
650		0	_aMutual funds _zUnited States.
650		7	_aBUSINESS & ECONOMICS / Investments & Securities / Mutual Funds. _2bisacsh
700	1		_aKoehn, Michael _eautore
700	1		_aMalkiel, Burton G. _eautore
700	1		_aOrnstein, Stanley _eautore
700	1		_aRoyer, Jimmy _eautore
850			_aIT-RoAPU
856	4	0	_uhttps://doi.org/10.7312/hubb15182
856	4	0	_uhttps://www.degruyter.com/isbn/9780231525329
856	4	2	_3Cover _uhttps://www.degruyter.com/document/cover/isbn/9780231525329/original
942			_cEB
999			_c183494 _d183494