An Introduction to Mutual Funds Worldwide

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John Wiley & Sons, Apr 4, 2007 - Business & Economics - 198 pages
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This guide explains what mutual funds are, how they have developed and how they are used, regulated and administered across the globe. Both open-ended and closed-ended funds are described and the differences between the international markets, particularly USA, Europe and UK are addressed.

Written by successful trainer and consultant, Ray Russell, the material reflects the growth and importance across the globe of mutual funds as a means of investing in worldwide economic development, whether to build a fund for retirement or otherwise. Readers will gain a basic appreciation of Mutual funds in their many forms, advocating the use of the mutual fund as a sensible, efficient and ultimately rewarding means of investment. It covers the origins, purpose, development, uses, operation and regulation of mutual funds and draws attention to similarities and differences between major jurisdictions, commenting on their unique features and approaches.

 

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Contents

ABOUT THE AUTHOR
xi
Chapter 1 INTRODUCTION
1
Chapter 2 THE MANAGEMENT OF FUNDS
25
Chapter 3 REGULATION
45
Chapter 4 CONSTITUTION AND CONSTRAINTS
79
Chapter 5 FUND MANAGEMENT
99
Chapter 6 MARKETING
109
Chapter 7 ADMINISTRATION
119
Chapter 8 TAXATION
143
GLOSSARY OF INDUSTRY TERMS
153
USEFUL CONTACTS
161
INDEX
165
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About the author (2007)

Ray Russell FCMA, FCIS, MSI, CertPFS, AcoI is the Principal of GCR Management Services, a consultancy providing assistance to investment businesses.
He has 10 years’ experience as a Compliance & Business Development Director and has spent more than 20 years in senior positions with prominent British and American investment banks. He has served as a consultant to the Securities and Investment Institute, and on the Investment Management Association’s Executive, Regulations, Audit and Training Committees.

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