Around the world, there are tens of thousands of mutual funds with over $20 trillion in assets. The Fund Industry: How Your Money Is Managed gives you an inside look at how mutual funds work-how they invest money, distribute their shares to the public, and provide service to fund shareholders-and why they have become the investment vehicle of choice for investors around the world.

Written by two fund experts-Robert Pozen, Chairman Emeritus of MFS Investment Management(r), and Theresa Hamacher, President of NICSA-The Fund Industry details:
* The history and growth of mutual funds, as well as their advantages and disadvantages compared to alternative investment vehicles, such as ETFs and hedge funds
* How to evaluate funds, categorizing them by security type and investment objective and researching them using the prospectus, shareholder reports, and third-party reviews
* How fund managers pick stocks and bonds, make trading decisions, and vote proxies
* How mutual funds are sold through brokers, banks, insurance agents, retirement plans, and fund supermarkets
* The roles of the independent directors, transfer agents, and fund accountants
* The opportunities and challenges of investing and gathering assets internationally

The Fund Industry companion website offers readers additional, exclusive information, as well as a special section for teachers containing review and discussion questions, case studies, and suggested readings.