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| Contents | |
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| Note: Each chapter contains Review Questions | |
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| Discussion Questions, and Notes | |
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| Structure, Measurement and Regulation of Mutual Funds | |
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| Indirect Investing Through Mutual Funds | |
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| Mutual Funds versus Individual Securities | |
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| Mutual Funds: History and Current Trends | |
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| The Structural Characteristics of Mutual Funds and Commercial Banks | |
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| Money Managers and Securities Research | |
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| The End of Behavioral Finance | |
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| Industry Profile: How the Commercial Banking Industry Operates | |
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| Case Study: Analyzing Credit Issues in a Money Market Fund | |
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| Choosing Among Mutual Funds | |
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| Types of Nonstock Funds | |
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| Stock Funds | |
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| Alternatives to Mutual Funds (Other Pooled Investment Vehicles) | |
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| Allocating Assets Among Mutual Funds | |
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| Regulation and Disclosure for Mutual Funds | |
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| Classification and Taxation | |
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| Disclosure and Advertising Rules Callout | |
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| Box: Investment Company Institute | |
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| Internet and Privacy Callout | |
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| Box: Electronic Signatures | |
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| Substantive Regulation | |
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| Independent Directors Callout | |
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| Box: Advisory Group on Best Practices for Directors | |
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| Enforcement and Ethical Codes Callout | |
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| Box: Blue Ribbon Advisory Group on Personal Investing | |
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| Advertising the Fund | |
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| Designing a Short-Form Prospectus | |
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| Portfolio Management and Equity Trading | |
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| Portfolio Management of Bonds | |
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| Bonds: Tradable IOUs Callout | |
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| Box: Information on High Yield Bonds Callout | |
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| Box: Evolution of an Alternative Benchmark | |
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| Managing a Bond Mutual Fund Callout | |
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| Box: FINOVA: A Divergence Between Rating Agencies and the Market | |
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| Roles of Investment Professionals Callout | |
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| Box: Liquidity Risk of High Yield Municipal Bonds Callout | |
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| Box: A Successful Call by a Credit Analyst | |
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| Case Study: Trustworthy Municipal Bond Fund | |
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| Portfolio Management of Stocks | |
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| Overview of Equity Securities | |
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| Equity Research Callout | |
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| Box: The ""Head and Shoulders"" Top in IBM: Technical Research in Action Callout | |
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| Box: Trying to Differentiate Between Rumor and Fact Callout | |
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| Box: When a Buy Is Not a Buy Callout | |
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| Box: The Cost of an Earnings Miss Can Be High | |
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| Portfolio Management Callout | |
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| Box: the Role of Investor Sentiment | |
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| Two Illustrative Approaches to Formula Valuations of Common Stocks | |
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| Case Study: Managing a Stock Fund | |
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| Brokerage Transactions for Mutual Funds | |
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| Overview of U.S. Equity Markets | |
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| Roles and Responsibilities of Mutual Fund Traders Callout | |
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| Box: Shopping a Block: Conversation at a Fund Trading Desk | |
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| Fiduciary Responsibilities of a Mutual Fund Trader and Oversight by the Fund Board | |
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| The Buy Side Trading Desk (excerpt) | |
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| Case Study: Executing a Block Trade | |
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| Marketing of Mutual Funds | |
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| Intermediary Channel Callout | |
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| Box: Merrill Lynch: Changing with the Times | |
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| The Direct Channel Callout | |
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| Box: Vanguard Funds: The Low-Cost King | |
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| Cross Channel Trends | |
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| Case Study: Evaluating Strategies for Fund Distribution | |
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| Retirement Plans and the Fund Business | |
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| Structure of Tax-Qualified Retirement Plans Callout | |
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| Box: 2001 Pension Legislation Callout | |
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| Box: What Is ERISA? | |
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| Role of Mutual Funds in 401(k) Plans Callout | |
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| Box: Profile Prospectus | |
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| Other Types of DC Plans Callout | |
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| Box: TIAA-CREF and 403(b) Callout | |
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| Box: Shift from DB to DC in the Governmental Plan Market | |
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| IRAs | |
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| The Future of Retirement Plans | |
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| Social Security: Basic Questions Answered | |
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| Grounds for Compromise: Competing Reform Proposals Are Closer Than They appear C. Eugene Steuerle and Adam Carasso | |
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| Designing an Investment Array for a 401(k) Plan | |
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| Servicing Fund | |
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| Functions of the Transfer Agent Callout | |
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| Box: A Fund Redemption Through a Broker-Dealer Callout | |
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| Box: Functions of the Pricing and Bookkeeping Agent Callout | |
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| Box: Phone Representatives and a Typical Customer Inquiry | |
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| Transfer Agents as an Industry | |
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| Pricing and Service Quality Callout | |
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| Box: Sample of Firms Measuring Mutual Fund Service | |
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| Case Study: Controlling Hot Money IV. Financial, Governance and Global Implications of Mutual Funds | |
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| Financial Dynamics of Mutual Funds | |
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| Expenses for Fund Investors | |
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| The Debate on Management Fee Revenue Callout | |
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| Box: Performance Fees as a Rarity | |
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| Structure of Fund Industry | |
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| Mergers and Acquisitions Involving Fund Sponsors Supplemental Information: Summary of Transactions Involving Fund Managers | |
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| Case Study: Balancing Interests in a Fund Merger | |
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| Mutual Funds as Institutional Investors | |
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| The Increasing Importance of Mutual Funds as Stockholders | |
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| Legal Framework | |
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| Voting Policies and Practices of Mutual Funds | |
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| Institutional Activism and Mutual Funds Callout | |
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| Box: The Battle for Control of Sallie Mae Callout | |
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| Box: T. Rowe Price Opposition to Cort Deal | |
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| Mutual Funds and Social Activism | |
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| Empirical Studies on Shareholder Activism | |
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| Corporate Governance Outside the United States Callout | |
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| Box: The War of the Handbags | |
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| TIAA-CREF's | |
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| Executive Compensation Program Guidelines | |
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| Institutional Investors: The Reluctant Activists | |
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| Shareholder Activism and Corporate Governance in the United States (excerpt) | |
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| Case Study: Fund Voting in a Proxy Fight 1 | |
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| Internationalization of Mutual Funds | |
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| Overseas Investing U.S. Mutual Funds Callout | |
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| Box: Foreign Custody of Mutual Fund Assets Callout | |
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| Box: Changes to International Indexes | |
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| Cross-Border Asset Gathering Activities Callout | |
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| Box: China Fund Market Callout | |
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| Box: Mexico After NAFTA | |
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| Case Study: Transferring a Fund Business to a Foreign Country " | |