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000756819 020__ $$a9780199398591$$q(electronic book)
000756819 0247_ $$a10.1093/acprof:oso/9780199398560$$2doi
000756819 035__ $$a(StDuBDS)EDZ0001495738
000756819 035__ $$a756819
000756819 040__ $$aStDuBDS$$beng$$cStDuBDS$$erda$$epn
000756819 050_0 $$aHG4930$$b.B47 2016eb
000756819 08204 $$a332.6327$$223
000756819 1001_ $$aBirdthistle, William A.,$$eauthor.
000756819 24510 $$aEmpire of the fund$$h[electronic resource] :$$bthe way we save now /$$cWilliam A. Birdthistle.
000756819 264_1 $$aNew York, NY :$$bOxford University Press,$$c2016.
000756819 300__ $$a1 online resource (ix, 250 pages) :$$billustrations
000756819 336__ $$atext$$2rdacontent
000756819 336__ $$astill image$$2rdacontent
000756819 337__ $$acomputer$$2rdamedia
000756819 338__ $$aonline resource$$2rdacarrier
000756819 504__ $$aIncludes bibliographical references and index.
000756819 5050_ $$aIntroduction -- Part I. Anatomy of a Fund: 1. Purpose; 2. Structure; 3. Economics -- Part II. Diseases and Disorders: 4. Fees; 5. Soft Dollars; 6. Fair Valuation; 7. Late Trading; 8. Market Timing; 9. Selective Disclosure -- Part III. Alternative Remedies: 10. 401(k) and Individual Retirement Accounts; 11. Target Date Funds; 12. Exchange-Traded Funds; 13. Money Market Funds -- Part  IV. Cures: 14. A Healthier Use of Mutual Funds.
000756819 506__ $$aAccess limited to authorized users.
000756819 520__ $$a" Empire of the Fund is an exposé and examination of the way we save now. With the rise of the 401(k) and demise of the pension, the United States has embarked upon the richest and riskiest experiment in our financial history. Over the next twenty years, nearly eighty million baby boomers will retire at a pace of ten thousand per day. The hypothesis of our experiment is that millions of ordinary, untrained, busy citizens can successfully manage trillions of dollars in a financial system dominated by wealthy, skilled, and powerful financial institutions, many of which have a record of treating individual investors shabbily. The key tools in our 401(k) plans and individual retirement accounts are mutual funds, which have ballooned to hold more than $16 trillion. But these funds pose dangers to our savings in three ways: through structural vulnerabilities that give money managers the incentive to focus on marketing over investing; through the very human challenges of managing our savings decades into the future; and through the peril of financial professionals behaving badly, to our economic harm. Though Americans often hear of the importance of low fees in fund investing, few are aware of the astonishing panoply of ways that some financial advisers have illegally diverted money out of mutual funds: from abetting hedge funds to trade after the legal deadline, to inflating the assets on which they are paid a percentage, to paying kickbacks for brokers to sell their funds. This book will forewarn and forearm Americans by illustrating the structural flaws, perverse incentives, and litany of scandals that have bedeviled mutual funds. And by setting forth a pair of policy solutions to improve Americans' financial literacy and bargaining power, it will also attempt to safeguard our individual financial destinies and our nation's fiscal strength. "--$$cProvided by publisher.
000756819 588__ $$aDescription based on print version record.
000756819 650_0 $$aMutual funds$$zUnited States$$xHistory.
000756819 650_0 $$aSaving and investment$$zUnited States$$xHistory.
000756819 77608 $$iPrint version;$$aBirdthistle, William A.$$tEmpire of the fund.$$dNew York : Oxford University Press, 2016$$z9780199398560$$w(DLC)   2016007563$$w(OCoLC)938990075
000756819 85280 $$bebk$$hOxford Scholarship Online
000756819 85640 $$3Oxford scholarship online$$uhttps://univsouthin.idm.oclc.org/login?url=http://dx.doi.org/10.1093/acprof:oso/9780199398560.001.0001$$zOnline Access
000756819 909CO $$ooai:library.usi.edu:756819$$pGLOBAL_SET
000756819 980__ $$aEBOOK
000756819 980__ $$aBIB
000756819 982__ $$aEbook
000756819 983__ $$aOnline