Mutual Funds: Risk and Performance Analysis for Decision Making

This authoritative book enables readers to evaluate the various performance and risk attributes of mutual funds, while also serving as a comprehensive reference for students, academics, and general investors alike. Providing a balance of theory and application, the chapters combine clear summaries of existing research with practical guidelines for mutual fund analysis.

The chapters cover a broad range of topics, including understanding the advantages and disadvantages of mutual funds and long and short–term investing, evaluating stock/bond allocations within fund portfolios, assessing fund diversification risk, measuring fund returns and risk, and making fund buy/sell decisions. Throughout the text, step–by–step decision checklists guide readers in the analysis and selection of various mutual funds. Treating all the major theoretical issues in mutual fund analysis and portfolio management, this book is both a thorough resource and a practical guide.

Spis treści:
Preface.
1. Understanding Mutual Funds.
2. Mutual Fund Service Advantages.
3. Mutual Fund Service Advantages: Professional Management.
4. Mutual Fund Service Disadvantages.
5. Mutual Fund Service Disadvantages: Expenses.
6. Long–Term Investing in Mutual Funds.
7. Portfolio Diversification Risk and Equity Style Allocation.
8. Mutual Fund Performance Measures and Buy/Sell Decision Criteria.
9. Mutual Fund Performance and Portfolio Investment Style Allocations.
10. Actively Managed versus Passively Managed Funds: The Search for Managers.
11. Mutual Funds: The Next Generation.
12. Economic and Market Indicators: Knowledge, Not Faith.
Index.

Nota biograficzna:
John A. Haslem is Professor Emeritus of Finance in the Smith School of Business at the University of Maryland, College Park. His research has been published in academic and practitioner journals, and he has written books on banking and mutu al funds. He served as the College of Business and Management’s first academic dean, and as its first Chair of Finance. His mutual funds analysis course is considered to be the first offered in the finance curriculum of a collegiate school of business. He has been a consultant for the Director of Supersonic Transport, NASA, US Department of Justice, as well as various banks, law firms, and other organizations. Professor Haslem also advises on mutual funds selection and portfolio allocation.

Okładka tylna:
This authoritative book enables readers to evaluate the various performance and risk attributes of mutual funds, while also serving as a comprehensive reference for students, academics, and general investors alike. Providing a balance of theory and application, the chapters combine clear summaries of existing research with practical guidelines for mutual fund analysis.

The chapters cover a broad range of topics, including understanding the advantages and disadvantages of mutual funds and long and short–term investing, evaluating stock/bond allocations within fund portfolios, assessing fund diversification risk, measuring fund returns and risk, and making fund buy/sell decisions. Throughout the text, step–by–step decision checklists guide readers in the analysis and selection of various mutual funds. Treating all the major theoretical issues in mutual fund analysis and portfolio management, this book is both a thorough resource and a practical guide.