Competitive Equity: Developing a Lower Cost Alternative to Mutual Funds
| Author | : | |
| Rating | : | 4.83 (665 Votes) |
| Asin | : | 084474252X |
| Format Type | : | paperback |
| Number of Pages | : | 154 Pages |
| Publish Date | : | 2015-01-10 |
| Language | : | English |
DESCRIPTION:
Explains how competition and new forms of mutual investment can lower costs to investors Everyone is familiar with mutual funds and a great many people have some portion of their invested money in such programs. It is reported that something like $10 trillion is invested in mutual funds. Most people assume that they are safe, that they are efficient, and many even believe that they generally outperform the m. Midwest Book Review said Competitive Equity is readily accessible to any reader. Financial and economic experts Peter J. Wallison and Robert E. Litan present Competitive Equity: A Better Way to Organize Mutual Funds, a manifesto arguing that the current regulatory structure for mutual funds keeps costs for investors higher than they ought to be. Chapters cover the growth of the mutual fund industry a
The authors show how current policy leads to de facto rate regulation and propose a new collective investment vehicle.. Yet funds are failing to compete effectively on price. This book argues that the problem is not too little regulation, but too much and of the wrong kind. This is a serious problem for savers, because small price differences can deeply erode investment results over time. Mutual funds are a key resource for Americans saving for retirement, college, and other long-term goals. With hundreds of fund families and thousands of individual funds crowding the marketplace, competition would hardly seem an issue