Every investor, student of finance and participant in the mutual fund industry needs to read this book The Fund Industry details how mutual funds are marketed, regulated, and invested in stocks and bonds. The book also describes the critical factors needed to choose a specific fund for your investment or retirement plan, including what to look for when reading prospectuses, shareholder reports and third party reviews. In addition, the Fundamentals of the Fund Industry is the most in-depth and up-to-date guide to navigating the mutual fund industry, written in an accessible style with many examples and charts.
Solid, thorough review of the mutual fund industry and how it functions. As familiar as I am with mutual funds, I nonetheless gained an appreciation of the complexity of running such funds. A helpful read for the professional financial advisor and the investor who wants to understand the mutual fund industry from the inside-out.