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The Rise of Mutual Funds
By Fink
- Default Title
Description
Cottage Industry to Financial Giant describes the developments that have produced mutual funds' long history of success.
Among these developments are:
* formation of the first mutual funds in the roaring 20s
* how the 1929 stock market crash, a disaster for most financial institutions, spurred the growth of mutual funds
* establishment in 1934, over FDR's objection, of the United States Securities and Exchange Commission, the federal agency that regulates mutual funds
* enactment of the Revenue Act of 1936, the tax law that saved mutual funds from extinction
* passage of the Investment Company Act of 1940, the "constitution" of the mutual fund industry
* the creation in 1972 of money market funds, which totally changed the mutual fund industry and the entire U.S. financial system
*enactment of the Employee Retirement Income Security Act of 1974, which created Individual Retirement Accounts
* the accidental development of 401(k) plans, which have revolutionized the way Americans save for retirement
* the 2003 trading abuses, the greatest scandal ever in the history of the mutual fund industry
Many events have never been reported before. Others have been discussed in works on other subjects such as retirement plans. Thus, this is first book that pulls together the many strands of mutual funds' unique history. Moreover, the author was personally involved in developments over the past forty years, and much of the book is a personal narrative regarding the people and events that have produced mutual funds' success.
Product details
Edition:
illustrated
Number of Pages:
322
Release Date:
2008-10-27
Publication Date:
2016-04-06
Publisher:
ACADEMIC
Languages:
Original:
English
ISBN10:
0195336453
ISBN13:
9780195336450
GPSR Manufacturer Reference:
Weight:
649 g
Height:
161 cm
Width:
240 cm
Thickness:
22 cm
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