Chapter

Looking Back and Ahead

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/9780199753505.003.0015
Looking Back and Ahead

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This chapter looks at the past and future of the mutual fund industry. It begins with a description of the factors contributing to the success of the industry. These include the basic characteristics of mutual funds and the provisions of the Investment Company Act of 1940. It suggests that the industry's future, like its past, largely will turn on the internal workings of the industry, specifically on the willingness of individual fund officers, employees, and directors to act as fiduciaries, with an eye single on the best interests of fund shareholders.

Keywords: mutual fund industry; mutual funds; Investment Company Act; securities regulation

Chapter.  3621 words.  Illustrated.

Subjects: Macroeconomics and Monetary Economics

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