Directors Transactions





Directors Transactions

Stock Market - Started Market - Buy Stocks - Sell Stocks

Bear Market - Mutual Fund - Market Crash - Market Timing






The Economics Of Mutual Fund Markets

RRP $24.99

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The original impetus for this research was provided several years ago by a request to assist Counsel for Fidelity Management and Research Corporation in analyzing the mutual fund industry, with particular emphasis on money market mutual funds. We were asked to focus our efforts on the mechanism by which the advisory fees of mutual funds are determined. This request arose out of litigation that challenged the level of advisory fees charged to the shareholders of the Fidelity Cash Reserve Fund. Subsequently, we were asked to provide similar assistance to Counsel for T. Rowe Price Associates regarding the fees charged to shareholders of their Prime Reserve Fund. 1940, advisers of Under the Investment Company Act of mutual funds have a fiduciary duty with respect to the level of fees they may charge a fund's shareholders. Since the passage of the Investment Company Act, there have been numerous lawsuits brought by shareholders alleging that advisory fees were excessive. In these lawsuits, the courts have failed to provide a set of standards for determining when such fees are excessive. Instead, they have relied on arbitrary and frequently ill-defined criteria for jUdging the reasonableness of fees. This failure to apply economic-based tests for evaluating the fee structure of mutual funds provided the motivation for the present book, which undertakes a comprehensive analysis of the economics of the mutual fund industry.


The Economics Of Mutual Fund Markets

RRP $738.99

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The original impetus for this research was provided several years ago by a request to assist Counsel for Fidelity Management and Research Corporation in analyzing the mutual fund industry, with particular emphasis on money market mutual funds. We were asked to focus our efforts on the mechanism by which the advisory fees of mutual funds are determined. This request arose out of litigation that challenged the level of advisory fees charged to the shareholders of the Fidelity Cash Reserve Fund. Subsequently, we were asked to provide similar assistance to Counsel for T. Rowe Price Associates regarding the fees charged to shareholders of their Prime Reserve Fund. 1940, advisers of Under the Investment Company Act of mutual funds have a fiduciary duty with respect to the level of fees they may charge a fund's shareholders. Since the passage of the Investment Company Act, there have been numerous lawsuits brought by shareholders alleging that advisory fees were excessive. In these lawsuits, the courts have failed to provide a set of standards for determining when such fees are excessive. Instead, they have relied on arbitrary and frequently ill-defined criteria for jUdging the reasonableness of fees. This failure to apply economic-based tests for evaluating the fee structure of mutual funds provided the motivation for the present book, which undertakes a comprehensive analysis of the economics of the mutual fund industry.


A Mutual-aid Model For Social Work With Groups

RRP $352.99

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Group work is a popular and widely used social work method. Focusing particularly on the central role of mutual aid in effective group work, this text presents the theoretical base, outlines core principles, and introduces the skills for translating those theories and principles into practice.

A Mutual-Aid Model for Social Work with Groups will help readers to catalyze the strengths of group members such that they become better problem solvers in all areas of life from the playroom to the boardroom. Increased coverage of evaluation and evidence-based practice speaks to the field's growing concern with monitoring process and assessing progress. The book also includes:

  • worker-based obstacles to mutual aid, their impact, and their antidotes
  • pre-group planning including new discussion on curriculum groups
  • group building by prioritizing certain goals and norms in the new group
  • the significance of time and place on mutual aid and the role of the group worker
  • maintaining mutual aid during so-called individual problem solving
  • an expanded discussion of anti-oppression and anti-oppressive practice
  • unlocking a group's potential to make difference and conflict useful
  • special considerations in working with time-limited, open-ended, and very large groups.

Case examples are used throughout to help bridge the gap between theory and practice, and exercises for class or field, help learners to immediately apply conceptual material to their practice. All resources required to carry out the exercises are contained in over 20 appendices at the end of the book. Key points at the end of each chapter recap the major concepts presented, and a roster of recommended reading for each chapter points the reader to further resources on each topic.

Designed to support ethical and successful practice, this textbook is an essential addition to the library of any social work student or human service practitioner working with groups.


Hometown Investment Trust Funds

RRP $174.00

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This book records the first success stories of a new form of financial intermediation, the hometown investment fund, that has become a national strategy in Japan, partly to meet the need to finance small and medium-sized enterprises (SMEs) after the devastating earthquake and tsunami in March 2011. The hometown investment fund has three main advantages. First, it contributes to financial market stability by lowering information asymmetry. Individual households and firms have direct access to information about the borrowing firms, mainly SMEs, that they lend to. Second, it is a stable source of risk capital. The fund is project driven. Firms and households decide to invest by getting to know the borrowers and their projects. In this way the fund distributes risk but not so that it renders risk intractable, which was the problem with the "originate and distribute" model. Third, it contributes to economic recovery by connecting firms and households with SMEs that are worthy of their support. It also creates employment opportunities, at the SMEs as well as for the pool of retirees from financial institutions who can help assess the projects. Introduction of the hometown investment fund has huge global implications. The world is seeking a method of financial intermediation that minimizes information asymmetry, distributes risk without making it opaque, and contributes to economic recovery. Funds similar to Japan's hometown investment fund can succeed in all three ways. After all, the majority of the world's businesses are SMEs. The first chapter explains the theory behind this method, and the following chapters relate success stories from Japan and other parts of Asia. This book should encourage policymakers, economists, lenders, and borrowers, especially in developing countries, to adopt this new form of financial intermediation, thus contributing to global economic stability.



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Directors Transactions Articles

Stock Market Started Market Buy Stocks Sell Stocks
Bear Market Mutual Fund Market Crash Market Timing
Market Investment Investment Advice Insider Strategies Stock Trading

Directors Transactions Books

Stock Market Started Market Buy Stocks Sell Stocks
Bear Market Mutual Fund Market Crash Market Timing
Market Investment Investment Advice Insider Strategies Stock Trading

Directors Transactions