Summary:
The book provides an in-depth look at the mutual fund industry, explaining the inner workings of fund management, investment strategies, regulatory environment, and the impact of technological advancements. It offers insights into the roles of fund managers, the structure of funds, and the challenges and opportunities for investors navigating this complex financial landscape.
Key points:
1. Fund Industry Structure: The book outlines the key players in the fund industry, including sponsors, directors, and service providers, and explains how mutual funds and ETFs are organized to handle investments.
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