An authoritative, must-read guide to making more informed decisions about mutual funds Providing a balance of theory and application, this authoritative book will enable you to evaluate the various performance and risk attributes of mutual funds. It covers a broad range of topics, including understanding the advantages and disadvantages of mutual funds, evaluating stock/bond allocations within fund portfolios, assessing fund diversification risk, measuring fund returns and risk, and making fund buy/sell decisions. While informative chapters combine clear summaries of existing research with practical guidelines for mutual fund analysis, step-by-step decision checklists guide you through the selection of various mutual funds. Puts the risks and rewards of mutual fund investing in perspective Skillfully examines how to select and evaluate the best mutual funds Outlines mutual fund service advantages and disadvantages Discusses the long- and short-term effectiveness of mutual funds Covering major theoretical and management issues in mutual fund analysis and portfolio management, this book is an authoritative guide.
John C. Bogle shares his extensive insights on investing in mutual funds Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors navigate their way through the staggering array of investment alternatives that are available to them. Written in a straightforward and accessible style, this reliable resource examines the fundamentals of mutual fund investing in today's turbulent market environment and offers timeless advice in building an investment portfolio. Along the way, Bogle shows you how simplicity and common sense invariably trump costly complexity, and how a low cost, broadly diversified portfolio is virtually assured of outperforming the vast majority of Wall Street professionals over the long-term. Written by respected mutual fund industry legend John C. Bogle Discusses the timeless fundamentals of investing that apply in any type of market Reflects on the structural and regulatory changes in the mutual fund industry Other titles by Bogle: The Little Book of Common Sense Investing and Enough. Securing your financial future has never seemed more difficult, but you'll be a better investor for having read the Second Edition of Common Sense on Mutual Funds.
The seminal work on mutual funds investing is now a Wiley Investment Classic Certain books have redefined the way we view the world of finance and investing—books that should be on every investor’s shelf. Bogle On Mutual Funds—the definitive work on mutual fund investing by one of finance’s great luminaries—is just such a work, and has been added to the catalog of Wiley’s Investment Classic collection. Updated with a new introduction by expert John Bogle, this comprehensive book provides investors with the wisdom of the pioneer of mutual funds to help you identify and execute the ideal mutual fund investment choices for your portfolio. The former Vanguard Chief Executive, Bogle has long been mutual funds' most outspoken critic; in this classic book, he provides guidance on what you should and shouldn't believe when it comes to mutual funds, along with the story of persistence and perseverance that led to this seminal work. You'll learn the differences between common stock, bond, money market, and balanced funds, and why a passively managed «index» fund is a smarter investment than a fund managed by someone making weighted bets on individual securities, sectors, and the economy. Bogle reveals the truth behind the advertising, the mediocre performance, and selfishness, and highlights the common mistakes many investors make. Consider the risks and rewards of investing in mutual funds Learn how to choose between the four basic types of funds Choose the lower-cost, more reliable investment structure See through misleading advertising, and watch out for pitfalls Take a look into this timeless classic and let Bogle On Mutual Funds show you how to invest in mutual funds the right way, with the expert perspective of an industry leader.
Position your portfolio for growth with one of America's bestselling mutual fund books Are you looking for a trusted resource to help you add mutual funds to your investment strategy? With straightforward advice and a plethora of specific, up-to-date mutual fund recommendations, personal finance expert Eric Tyson helps you avoid fund-investing pitfalls and maximize your chances of success. Newly revised and updated, Mutual Funds For Dummies quickly and easily helps you pick the best funds, assemble and maintain your portfolio, and evaluate your funds' performance. In no time, it gets you up and running on exchange-traded funds, tax laws affecting investments in funds, how to evaluate different fund-investing strategies, and much more. Plan and implement a successful investment strategy that includes mutual funds Avoid fund-investing pitfalls Find the best-managed funds that match your financial goals Select among mutual funds, exchange-traded funds, and other investing options Complemented with sample fund portfolios and updated forms that show you exactly how to accomplish your financial goals, this is your trusted resource for planning and implementing a successful investment strategy that includes mutual funds.
The concept of mutual funds was conceived to pool the resources of small investors and deploy the same in the capital markets to help industrialization through participation in the equity and debt instruments. This study is aimed to examine the past trends and future projections besides analyzing risk and return for select schemes of mutual funds in private and public sector in India. The first chapter deals with introduction, origin and growth of mutual funds in India during 1963-2008 and the need for the study. This chapter is intended to trace the historical background of global mutual funds in general and the Indian mutual funds in particular. Apart from this, an analysis of trends in the ‘Assets Under Management'' during 2003-09 relating to the private sector and public sector is presented. In India, there were a few studies on the mutual funds, which have a complete scientific analysis, primarily due to comparatively short period of existence of Mutual funds. However a rigorous scientific research was taken place in this subject in other countries. In this context this book focuses on performance appraisal of mutual funds in India among private vs public sector.
The Indian capital market has witnessed unprecedented developments and innovations particularly recent decades In the changed environment the mutual funds. The study focused on the portfolio diversification and financial performance of selected mutual funds the data consists of annualised Net Asset Value of the selected mutual funds from January 1st, 2000 to December 31st, 2009. Out of the 11 Mutual fund schemes in industry, six mutual fund schemes are identified for the purpose of this study. The criterion for identifying the Schemes is that, the scheme should have at least ten funds that have completed ten years of age. This book is updated version of my doctoral thesis entitled Mutual Funds: A Study on the Performance of Selected Funds submitted to the Andhra University for the degree of Doctor of Philosophy.
Investment condition in Indonesia gets better year by year. One of the most interested instruments in Indonesia is mutual funds, mostly conventional mutual funds. Investor put their money in a mutual funds with an expectation to get a maximum return. However, a mutual funds does not always perform well for every time frame. There is an economics or macro condition that affects the time frame of investment activities in one country. To figure out the macro circumstance in a country, it can be seen from the business cycle pattern. Authors use an average return data from mutual funds index in Indonesia to cover all mutual funds for each category; equity, balance, and fixed income. Then, all the data will be divided based on the business cycle phase to be analyzed. Finally, from those analysis will be made an optimal portfolio for each phase as the strategy. Authors find out that equity mutual funds is better both on expansion phase and proportional weight of equity and fixed-income funds is better for recession phase.
Mutual funds offer investors a diverse portfolio in a single investment, which is critical in an uncertain economy. Although ideal for buyers who don’t want to tackle the stock market alone, mutual funds can still be intimidating, with a bewildering array of options. And now that foreign content regulations for RRSPs have been lifted, Canadians have even more choices. Mutual Fund Investing For Canadians For Dummies explains it all, from the basics – what is a mutual fund? – to the not-so-basic – are index funds better than managed funds? Is my MER cutting into my ROI? With information on how mutual funds can be a vital and profitable component of everyone’s retirement plans and how they can help readers build their wealth inside their tax-free savings account, this friendly guide offers the principles Canadians need to know in order to be informed and successful mutual fund investors. “This book is easy and even fun to read. … Mutual Fund Investing For Canadians For Dummies is worth the investment if you are looking to build a fund portfolio that suits your needs and will give you healthy, long-term returns.” Jeff Dupuis, money.canoe.ca
A fresh look at the ever-changing world of mutual funds Like all investment instruments, mutual funds continue to evolve. In the last decade however, there has been plenty of change, including market capitalization, the introduction of new types of funds, and the expansion of the mutual fund model to include investments in commodities. Getting Started in Mutual Funds, Second Edition offers a completely updated look at this popular investment vehicle, including everything from Morningstar's new matrix of evaluating a fund's investment style to implementing mutual funds into long-term investment strategies in retirement plans. Throughout the book, author Alvin Hall also focuses on the basics, like how to read a prospectus, how to evaluate ongoing fees and expenses, and how to gauge a fund's performance. Acquaints you with the various types of mutual funds and how they are structured Explains important mutual fund terms and concepts New chapters include information on exchange-traded funds and how they compare to mutual funds in terms of performance, risk and fees Reveals how to assess a fund manager's investment style and its impact on your returns Gain a better understanding of mutual funds and maximize your investment returns with Getting Started in Mutual Funds, Second Edition.
An industry leader candidly examines the role of investment leadership in portfolio management Investment Leadership & Portfolio Management provides a top down analysis of successful strategies, structures, and actions that create an environment that leads to strong macro investment performance and rewarding investor outcomes. By examining how to manage and lead an investment firm through successful investment decision-making processes and actions, this book reveals what it will take to succeed in a radically changed investment landscape. From firm governance and firm structure-for single capability, multi-capability, and investment and product firms-to culture, strategy, vision, and execution, authors Brian Singer, Barry Mandinach, and Greg Fedorinchik touch upon key topics including the differences between leading and managing; investment philosophy, process, and portfolio construction; communication and transparency; and ethics and integrity. Leadership issues in investment firms are a serious concern, and this book addresses those concerns Details the strong correlation between excellence in investment leadership and excellence in portfolio management Written by a group of experienced professionals in the field, including the Chairman of the CFA Institute Board of Governors Understanding how to operate in today's dynamic investment environment is critical. Investment Leadership & Portfolio Management contains the insights and information needed to make significant strides in this dynamic arena.
This book deals with the overall concept of Mutual Funds which is a very popular investment avenue. It is based on my study which deals with the performance analysis of few selected equity diversified mutual funds in context with the global financial crisis of the year 2008. The effect of this crisis on return generated by mutual funds(performance)has been analysed through Correlation, ANOVA, t-test coefficient of variation, Sharpe Ratio, Alpha, Beta, R Square and similar statistical tools and tests. An in depth analysis of the of Mutual Funds types and the role of Mutual Funds in the financial market is also discussed in details here along with an overview of the Indian Financial Markets.Thus the reader would be able to get an exhaustive understanding of the performance of Mutual Funds during the global meltdown and in the so called recovery phase that is before and after the year 2008. This book addresses all these issues in Mutual Funds in a concise and precise manner so that the readers and research scholars can find all the relevant information in one place. It will help all the stakeholders of the mutual fund industry in India to make better informed decisions.
Mutual funds in India: a comprehensive review is an outcome of extensive research work carried out by Dr. Bhavinkumar A. Patel. The basic objectives of this book includes (A) In-depth analysis of mutual fund industry in India (B) Performance evaluation of selected growth oriented schemes operating in India by different blue chip companies and (C) Analysis of perception of investors, brokers and fund managers. This book focuses on the real life growth and development of the mutual fund industry in India considering different parameters like Assets Under Management (AUM), fund mobilized, redemption and repurchase of funds, total schemes launched and in operation under different categories, analysis of growth oriented mutual fund schemes by applying well established measures like Sharpe, Treynor, Jensen and Fama's Net Selectivity. Moreover, it also highlight the perception of investing community and mutual fund professionals. This book would surely provide strong platform to students and professors of finance, mutual fund research scholars, practicing mutual fund professionals and investing community at large.
Any mutual fund has an objective of earning income for the investors and getting increased value of their investments. To achieve these objectives mutual funds adopt different strategies and accordingly offer different scheme of investments. On these basis the simplest way to categories schemes would be to group these into two broad classifications. Operational Classification and Portfolio Classification 1. Operational Classification : It highlights the two main types of schemes, i.e. open ended and closed ended which were offered by mutual funds. (i) Open ended Schemes: As the name implies the size of the scheme (fund) is open - i.e. not specified or pre – determined. Entry to the fund is always open to investor who can subscribe at any time. Such funds stand ready to buy or sell its securities at any time. Such funds stand ready to buy or sell its securities at any time. It implies that the capitalization of the funds is constantly charging as investors sell or buy their shares. (ii) Close ended Schemes: Such schemes have a definite period after which their shares / units are redeemed. Unlike open – ended funds, these funds have fixed capitalization, i.e. their corpus normally
A «hands-on» guide to applied equity analysis and portfolio management From asset allocation to modeling the intrinsic value of a stock, Applied Equity Analysis and Portfolio Management + Online Video Course offers readers a solid foundation in the practice of fundamental analysis using the same tools and techniques as professional investors. Filled with real-world illustrations and hands-on applications, Professor Weigand's learning system takes a rigorous, empirical approach to topics such as analyzing the macro-finance environment, sector rotation, financial analysis and valuation, assessing a company's competitive position, and reporting the performance of a stock portfolio. Unlike typical books on this subject—which feature chapters to read and exercises to complete—this resource allows readers to actively participate in the learning experience by completing writing exercises and manipulating interactive spreadsheets that illustrate the principles being taught. The learning system also features instructional videos that demonstrate how to use the spreadsheet models and excerpts from the author's blog, which are used to depict additional examples of the analysis process. Along the way, it skillfully outlines an effective approach to creating and interpreting outputs typically associated with a top-down money management shop – including a macroeconomic forecasting newsletter, detailed stock research reports, and a portfolio performance attribution analysis. Covers topics including active and passive money management, fundamental analysis and portfolio attribution analysis Companion streaming videos show how to use free online data to create yourown analyses of key economic indicators, individual stocks, and stock portfolios A valuable resource for universities who have applied equity analysis and portfolio management courses Practical and up-to-date, the book is an excellent resource for those with a need for practical investment expertise.