Current and Future Challenges Faced by Investment Funds

Abstract

Investment funds, principally open-end mutual funds comprised of shares, fixed-income securities and other assets, have been one of the most successful innovations in the global financial architecture. Properly structured, fund shares are easy to buy and sell at relatively low cost. They open a wide variety of active management styles and asset exposures to ordinary investors, including specific sectors of the economy and a broad range of international markets. They are relatively transparent in terms of their net asset value (NAV) and the composition of their holdings. They are tracked in terms of performance, expenses and risk profiles by various investor information services around the world.KeywordsMutual FundHedge FundInvestment FundFund IndustryInvestment ManagementThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.