United States, Changes to the Mutual Funds Regime
- Topics:
- Commercial Lending
- Tags:
- Benefits,
- Retirement Plans,
- Mutual Funds,
- Mutual Fund,
- Investment Company,
- Investment,
- Human Resources,
- Financial Services,
- Finance,
- ETF,
- ...
- Source:
- Stradley Ronon Stevens & Young
FREE Registration is required
Overview: Over the past year, the booming US economy has led to an enormous influx of US investor dollars into mutual funds. This explosion in the popularity of mutual funds has been accompanied by significant changes in the way mutual funds do business. Sophisticated investors have demanded novel investment vehicles to increase their return. Exchange Traded Funds, or “ETFs,” are rapidly growing in popularity among investors. Today, ETFs comprise an increasing portion of the activity on the American Stock Exchange and, according to some sources, now hold over $50 billion is assets. During the past two years, there have been significant developments in corporate governance of investment companies registered with the SEC. In addition to recent litigation regarding the fiduciary duties of mutual fund directors and investment advisers, the Investment Company Institute (“ICI”), the trade group for the investment company industry, in June 1999 released a “best practices” report for corporate governance of investment companies. ICI and SEC initiatives concerning “Best Practices” and proposed rules are also discussed in this white paper.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: HTML | Date: Jan 2003 | Pages: 1
People who downloaded this item also downloaded
 |
Growth Effects Of Foreign Direct Investment: What Role For Liberalisation And Absorptive Capacity? |
|
The Mutual Fund Probe -- What We Can Tell So Far |
