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Mutual Funds and Exchange-Traded Funds – Building Blocks to Wealth - Oxford Scholarship Online
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Mutual Funds and Exchange-Traded Funds: Building Blocks to Wealth

H. Kent Baker, Greg Filbeck, and Halil Kiymaz

Abstract

In today’s financial environment, mutual funds and exchange-traded funds (ETFs) are dynamic areas that continue to evolve at a rapid pace. This book provides a synthesis of the theoretical and empirical literature on these investment vehicles in both the United States and in a global context. Readers can gain important insights about each investment vehicle including its structure and uses, performance, and measurement. Beyond these core topics and issues, the book also examines the latest trends, cutting-edge developments, and real-world situations. In particular, this book should help invest ... More

Keywords: mutual funds, exchange-traded funds, performance, measurement, trends, asset allocation

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9780190207434
Published to Oxford Scholarship Online: November 2015 DOI:10.1093/acprof:oso/9780190207434.001.0001

Authors

Affiliations are at time of print publication.

H. Kent Baker, editor
University Professor of Finance and Kogod Research Professor, Kogod School of Business, American University, Washington, DC

Greg Filbeck, editor
Samuel P. Black III Professor of Finance and Risk Management, Penn State Erie, The Behrend College, Erie, PA

Halil Kiymaz, editor
Bank of America Professor of Finance and Faculty Director of the Key Executive MBA Program, Crummer Graduate School of Business, Rollins College, Winter Park, FLKogod School of Business, American University, Washington, DC

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Contents

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Front Matter

Title Pages

List of Figures

List of Tables

Acknowledgments

About the Editors

About the Contributors

Abbreviations

Part One Background

1 Mutual Funds and Related Investment Vehicles

H. Kent Baker, Greg Filbeck, and Halil Kiymaz

2 The Economics of Mutual Funds

David M. Smith

3 The Role of Mutual Funds in Retirement and Education Savings

Sarah A. Holden

4 The Structure and Regulation of Mutual Funds

Robert Grohowski and Sean Collins

Part Two Mutual Funds And Other Fund Types

5 Open-End Funds

Conrad S. Ciccotello

6 Target-Date Funds and Other Funds-of-Funds

Alistair Byrne and >Trevor Oliver, vice President, BlackRock, Seattle

7 Closed-End Funds

Z. Jay Wang

8 Non-U.S. Closed-End Funds

Dimitris Andriosopoulos, Mary Fletcher, and Andrew Marshall

9 Exchange-Traded Funds

Ehsan Nikbakht, Keith Pareti, and Andrew C. Spieler

10 Leveraged and Inverse Exchange-Traded Funds

Benjamin Aguilar, Michael Bianco, Christopher Milliken, and Andrew C. Spieler

Part Three Classification of Funds By Principal Investments

11 Money Market Mutual Funds

Anna Agapova

12 Bond Mutual Funds

Sandeep Singh

13 Stock Mutual Funds

Grady Perdue

14 Socially Responsible Mutual Funds

Eddy Junarsin, Enrico Libert, and Frendy

15 Mutual Funds

Tamas Barko and Luc Renneboog

Part Four Asset Allocation and Performance of Mutual Funds

16 Strategic Asset Allocation and Rebalancing

Laura Andreu and José Luis Sarto

17 Building and Monitoring Mutual Fund Portfolios

Larry J. Prather, Han-Sheng Chen, and Ying-Chou Lin

18 Analyzing Mutual Funds

Bruce A. Costa and Keith Jakob

19 Predicting Mutual Fund Performance

Matthew R. Morey

20 Evaluating Mutual Fund Performance within the Stochastic Discount Framework

Jonathan Fletcher

21 Mutual Fund Risk

Roberto Savona, Oreste Auleta, and Filippo Stefanini

Part Five Fund Structure

22 Organization, Structure, and Services of Mutual Funds

Mark potter

23 Selected Topics in Mutual Fund Distribution

John A. Haslem

24 Mutual Fund Disclosure and Related Fund Investor Protection Features

Joseph A. Franco

25 New Developments in Exchange-Traded Funds

Ojwang’ George Omondi

26 Ethical Standards in Mutual Funds

Rosa Adamo

Part Six Mutual Funds Worldwide

27 Mutual Funds in Emerging and Developing Markets

Parvez Ahmed

28 Performance of Global Mutual Funds

Tarik Bazgour, Laurent Bodson, and Danielle Sougné

29 Performance of Exchange-Traded Funds

Panagiotis Schizas

30 Issues, Trends, and Future Developments in the Mutual Fund Industry

Hunter M. Holzhauer

End Matter

Discussion Questions and Answers

Index