This is a handsome
survey of the literature on mutual funds. An opening chapter introduces mutual
funds and traces their origins back to the early 1800s. After that, the book has
six chapters that each cover the financial literature of mutual funds relating
to some specific topic—fund performance, style analysis, fees, etc. Each chapter
describes perhaps 20 or 30 important papers related to that chapter's topic.
Most descriptions are a few paragraphs. A few are longer, especially those that
involve formulas drawn from the papers. Most papers are from academic journals,
but a few also come from practitioner journals, such as the
Financial Analysts Journal or Harvard Business Review.
Contents
Preface
1. Introduction
2. Performance of
Mutual Funds
3. Mutual Fund Fees and
Expenses
4. Style Analysis
5. Fund Flows
6. Specialty Funds
7. Other Issues
Endnotes
Bibliography
Flipping through
the descriptions takes you back in time. You find out about papers you were not
familiar with and you can actually see the evolution of ideas and study methods
progressing from one paper to the next through time.
For academics or
anyone with an interest in the literature of mutual funds, this survey is a
wonderful research companion.[10/23/05]
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