An Introduction to Mutual Funds Worldwide

This guide explains what mutual funds are, how they have developedand how they are used, regulated and administered across the globe.Both open-ended and closed-ended funds are described and thedifferences between the international markets, particularly USA,Europe and UK are addressed. Written by successful trainer and consultant, Ray Russell, thematerial reflects the growth and importance across the globe ofmutual funds as a means of investing in worldwide economicdevelopment, whether to build a fund for retirement or otherwise.Readers will gain a basic appreciation of Mutual funds in theirmany forms, advocating the use of the mutual fund as a sensible,efficient and ultimately rewarding means of investment. It coversthe origins, purpose, development, uses, operation and regulationof mutual funds and draws attention to similarities and differencesbetween major jurisdictions, commenting on their unique featuresand approaches.