John Haslem

Mutual Funds

Risk and Performance Analysis for Decision Making

• Gebundenes Buch

Produktbeschreibung

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.

Produktdetails

• Verlag: Wiley
• Seitenzahl: 596
• Erscheinungstermin: 7. März 2003
• Englisch
• Abmessung: 260mm x 183mm x 36mm
• Gewicht: 1302g
• ISBN-13: 9780631215615
• ISBN-10: 0631215611
• Artikelnr.: 21728130

Autorenporträt

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 mutual 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.

Inhaltsangabe

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 StyleAllocation.

8. Mutual Fund Performance Measures and Buy/Sell DecisionCriteria.

9. Mutual Fund Performance and Portfolio Investment StyleAllocations.

10. Actively Managed versus Passively Managed Funds: The Searchfor Managers.

11. Mutual Funds: The Next Generation.

12. Economic and Market Indicators: Knowledge, Not Faith.

Index.

Rezensionen

'This marvelous compendium of mutual fund information is an answerto the prayers of investors who want to dig beneath the superficialto reach the fundamental. Dr. Haslem's book is more than atextbook. It is perhaps the first substantive attempt to evaluatemutual funds from an academic and historic perspective. I commendit highly to the serious investor.' John C. Bogle, Founder andFormer CEO, The Vanguard Group

'Like a master anthologist, Professor Haslem has collectedthe best ideas of the past twenty years on how to select andevaluate mutual funds, and he's assembled them into a cohesive,highly readable work. If you're seeking order out of the chaos ofcompeting lists of '10 Funds to Buy Now,' then this isthe book for you.' Don Phillips, Managing Director,Morningstar, Inc.

'I am confident that Haslem will be recognized as having writtenthe definitive book on mutual funds bar none. I have seen most ofthe books in this area, and nothing comes close to the coverage. Iwill recommend the book to anyone who has an interest in this area,and certainly to anyone needing something to use for instructionalpurposes.' Charles Jones, North Carolina StateUniversity

'This masterfully written book is a 'must read' forthose who want to make informed decisions about mutual funds. JackHaslem's definitive treatment of the subject sets a new standardfor excellence. His clarity of style and solidity of researchresult in fascinating reading.' H. Kent Baker, AmericanUniversity

'Haslem's realistic, thoroughly researched perspective on mutualfunds is must reading for both investors and fund managers. This isone those solid books that results from a strong academicbackground in investments and a balanced view of the financialmarkets.' Bob Edmister, University of Mississippi

'Professor John Haslem has written a very thorough and detailedbook on mutual funds. This book will be very useful as a text for acourse on mutual funds, a supplementary text for a standardinvestment course, and a must reading for anyone aspiring to be acertified financial planner.' Robert Krainer, University ofWisconsin