The objective of this study is to take some of the mystery out of mutual fund revenue sharing, but without being able to say investors have transparent disclosure. Topics begin with the transition from directed brokerage to revenue sharing. The discussions that follow include directed brokerage...

This book focuses on "bank funds management," an area of increasing importance to the management of commercial banks. Bank funds management is the key to short-to-intermediate term decision making in today's dynamic and volatile banking environment. Broadly defined, banks funds management...

Bank funds management is the key to short-to-intermediate-term decision making in today's dynamic and volatile banking environment. Broadly defined, funds management includes all policies and approaches designed to obtain funds from deposits and borrowing and to allocate them to loans and...

The purposes of this study are to identify the nature and profitability of the foreign and domestic matched balance sheet strategies of U.S. banks, to identify the incidence and performance implications of individual bank strategy changes or lack of changes over time, and to identify the...

The book explains the nature of mutual funds and the methods of selecting appropriate funds to fit the risk preferences of individual investors. It also includes how to limit fund risk in declining markets. Mutual fund topics include: (1) the nature of funds, (2) major types of investment...

Data Envelopment Analysis (DEA) was used to analyze the input/output efficiency of large U.S. banks in 1987 and 1992. The former was the year that banks belatedly began to acknowledge financially the increasingly severe problems from loans to less-developed countries, especially in Latin...

The balancing of risk and return represents the classic investor dilemma. In theory, an investor seeks to maximize overall rate of return consistent with a desirable risk level. In practice, investor personal and financial characteristics may influence their risk/return preferences. Investors...

The nature of mutual funds / Conrad S. Ciccotello -- Mutual fund regulation and issues / Conrad S. Ciccotello -- The economics of mutual funds / David M. Smith -- Mutual fund fees and expenses / David M. Smith -- How financial markets work / Larry E. Swedroe -- Active versus passive investing /...

This article explores the relationships of mutual fund advertising and investor skill in making fund choices. Fund advertising dominates the choices of unsophisticated investors. Advertising appeals to investor emotions by resonating with current beliefs, not by providing information that...

In summary, the ex ante evidence suggests strong preference relationships for the three sets of risk-return variables analyzed. Further, there appear to be differences among the nature and shape of the relationships as evidenced by the statistical tests: one, the association between risk and...