An Introduction to the Mutual Fund Industry. a Practical Guide for Postgraduates, Research Students and Practitioners

This book covers the basic principles of mutual fund industry. It aims or helps the readers to distinguish between open-end and closed-end mutual fund. Then, it introduces the reader to the various risk measurement that are used to measure the variability from the average. A review of the literature, in terms of single and multi- factor risk models will give an easy and deep understanding of how the investment industry is working. Performance persistence is an important issue for the readers to understand which factors affect the performance of closed-end funds or investment trusts. Finally, the last chapter explains the persistence of the discount and identify the various factors that cause this continuous fluctuation