Mutual Funds and Exchange-Traded Funds

<em>Mutual Funds and Exchange-Traded Funds: Building Blocks to Wealth</em> offers a synthesis of the theoretical and empirical literature primarily on mutual funds but also discusses related investment vehicles especially ETFs. In this edited volume noted scholars and practitioners write chapters in their areas of expertise. It interweaves the contributions of multiple authors into an authoritative overview of important but selective topics. Readers will gain an in-depth understanding of mutual funds and ETFs from experts from around the world. Based on research-based evidence this is not intended to be a how to book; instead it is a scholarly and in-depth approach to important investment subjects. Although the book places greater attention on these different types of investments in the United States it also examines them in a global context. <p/>In today's financial environment mutual funds and ETFs are dynamic areas that continue to evolve at a rapid pace. Because the flow of materials on the subject is voluminous this book by necessity must be selective because it cannot cover every aspect of this field. However readers can gain important insights about each investment vehicle including its structure and uses performance and measurement. Beyond these core topics and issues the book also examines the latest trends cutting-edge developments and real-world situations. Given its broad scope this practical and comprehensive book should appeal to investors investment professionals academics and others interested in mutual funds and ETFs. In particular this book should help investors make key asset allocation decisions while capturing the benefits of a highly diversified well-constructed lower-cost portfolio of complementary strategies that enhance financial wealth.<br>