The Handbook of Professionally Managed Assets : A Definitive Guide to Profiting from Alternative Investments

This practical guide provides a comprehensive overview of professionally managed assets, or investments in which all portfolio decisions and rebalancing are delegated to a fund manager or third-party advice service. Savvy investors looking to achieve a better understanding of the nuances, benefits, and drawbacks of using these products will find the answers they are looking for in The Handbook of Professionally Managed Assets, no matter whether they would like to learn more about mutual funds or hedge funds.There is a considerable lack of knowledge among the investing public about how to prope

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Year of publication:	2014
Authors:	Fevurly, Keith
Publisher:	Dordrecht : Springer
Subject:	Kapitalanlage \| Financial investment \| Portfolio-Management \| Portfolio selection \| Anlageverhalten \| Behavioural finance \| Finanzanalyse \| Financial analysis

Extent:	Online-Ressource (343 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Contents; PART I: An Overview of Professionally Managed Assets; Chapter 1: Understanding Professionally Managed Assets; The Definition of a Professionally Managed Asset; The Ownership and Positioning of Professionally Managed Assets; Self-Directed Investment Accounts; Life Cycle Investing; Types of Professionally Managed Assets; Open-End Investment Companies (Mutual Funds); Closed-End Funds; Unit Investment Trusts (UITs); Exchange-Traded Funds (ETFs); Hedge Funds; Managed Futures; Private Equity Funds; Limited Partnership Investments; Real Estate Investment Trusts (REITs) Individually Managed Accounts (IMAs) and Separately Managed Accounts (SMAs)Variable Life Insurance; Variable Annuities; Chapter 2: Why Professionally Managed Assets?; Individual Investing; Lack of Investor Time and Expertise; Lack of Diversification in Individual Securities; Higher Transaction Costs in Individual Securities; Difficulty of Effective Stock Picking; The Advantages of Professionally Managed Assets; Increased Diversification; The Ability to Access Professional Management at a Relatively Low Cost; The Ability to Participate in Preferred Investments; Owner Liquidity Government OversightThe Disadvantages of Professionally Managed Assets; Fees; Less Control Over the Recognition of Taxable Income; The Inability to Customize a Portfolio; Managed-Money Investment Vehicles in Today's Marketplace; PART II :Mutual Funds; Chapter 3: The Growth of Mutual Funds; Trends in Mutual Fund Investing; Who Owns Mutual Funds?; Why Own Mutual Funds?; Where Are Mutual Funds Owned?; Types of Mutual Funds; Types of Equity Funds; Aggressive Growth; Growth; Growth and Income; Equity Income; International Equity; Sector; Specialty; Types of Bond Funds; High-Yield; US Government Ginnie MaeConvertible Bond; International Bond; Municipal Bond; Strategic Income; Types of Money Market Funds; Taxable; Tax-Exempt; Types of Hybrid Funds; Balanced; Asset Allocation; Commodity Funds; Real Estate Funds; Collective Funds; Index Funds; Chapter 4: Long-Term Investing in Mutual Funds; The Principle of Diversification; Modern Portfolio Theory; Sharpe Additions to Modern Portfolio Theory; The Concept of Beta; Portfolio Betas; The Capital Asset Pricing Model (CAPM); Index Mutual Fund s; Practical Considerations in Mutual-Fund Investing; Active Management of Fund; Growth Fund Small Domestic EquitiesFundamental Analysis; Mutual Fund Sales Charges; Management Fees; Mutual-Fund Investment Strategies; Buy and Hold; Strategic Asset Allocation; Dollar Cost Averaging (DCA); Short Selling; The Determination of Which Mutual Fund Shares are Redeemed; Chapter 5: Mutual Fund Performance Measures and Selection Criteria; Category, Investment Style, and Portfolio of Sample Funds; Fairholme Fund; Harbor Bond Institutional; Performance Measures; Fairholme Fund; Harbor Bond Institutional; Ratings and Risk Measures; Fairholme Fund; Harbor Bond Institutional; Fund Management Fairholme Fund
ISBN:	978-1-4302-6019-6 ; 978-1-4302-6020-2 ; 978-1-4302-6019-6
Source:	ECONIS - Online Catalogue of the ZBW

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