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The Mutual Fund Industry: Competition and Investor Welfare
R. Glenn Hubbard
€ 36.99
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Description for The Mutual Fund Industry: Competition and Investor Welfare
Hardback. Series: Columbia Business School Publishing. Num Pages: 256 pages, 5 black & white illustrations. BIC Classification: KFFH; LNPB. Category: (P) Professional & Vocational. Dimension: 229 x 152 x 25. Weight in Grams: 496.
Mutual 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 ... Read more
Mutual 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 ... Read more
Product Details
Publisher
Columbia University Press United States
Number of pages
256
Format
Hardback
Publication date
2010
Series
Columbia Business School Publishing
Condition
New
Number of Pages
256
Place of Publication
New York, United States
ISBN
9780231151825
SKU
V9780231151825
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About R. Glenn Hubbard
R. Glenn Hubbard is dean of Columbia Business School and the Russell L. Carson Professor of Economics and Finance. He was chairman of the President's Council of Economic Advisers from 2001 to 2003 and has published more than one hundred articles on investing, banking, energy economics, and public policy. With William Duggan, he is the author of The Aid Trap: ... Read more
Reviews for The Mutual Fund Industry: Competition and Investor Welfare
The Mutual Fund Industry is extremely well written and clear, and the authors are the first to present solid empirical results to address price competition in the mutual fund industry. The outcomes of these empirical tests are striking and important not only for mutual fund investors but also for courts, government antitrust policy, and rating agencies.
Joop Huij, Erasmus ... Read more
Joop Huij, Erasmus ... Read more