Chapter

Other Responses to theBear Market

Matthew P. Fink

in The Rise of Mutual Funds

Second edition

Published in print January 2011 | ISBN: 9780199753505
Published online January 2012 | e-ISBN: 9780199918805 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199753505.003.0006
Other Responses to theBear Market

More Like This

Show all results sharing this subject:

  • Macroeconomics and Monetary Economics

GO

Show Summary Details

Preview

Well before the start of the prolonged bear market of the 1970s, people in the mutual fund industry, at the Securities and Exchange Commission, in academia, and elsewhere thought about the creation of new types of mutual funds and new ways to distribute fund shares to investors. But these ideas did not get off the ground. The fund industry was doing so well with its traditional product, equity funds, and its traditional distribution system, broker-dealers, that no one sought to create new types of funds and distribution systems. The bear market changed everything. Clearly, it was time to put these ideas into practice. This chapter focuses on these ideas, which include tax-exempt funds, index funds, and advertising.

Keywords: mutual fund industry; mutual funds; bear market; tax-exempt funds; index funds; equity funds; broker-dealers

Chapter.  5437 words. 

Subjects: Macroeconomics and Monetary Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.