Mutual Funds and Exchange-Traded Funds
Building Blocks to Wealth
Edited by H. Kent Baker, Greg Filbeck, and Halil Kiymaz
Reviews and Awards
"The problem with mutual funds and ETFs is their vast number. There are more funds holding U.S. stocks than are stocks listed on the major U.S. exchanges. This quandary makes books such as Mutual Funds and Exchange-Traded Funds essential reading for scholars and practitioners. Many books are available on this subject, but this book is the most comprehensive." -- Richard A. Ferri, CFA, Founder and Director of Investing at Portfolio Solutions, LLC
"This is a well done, scholarly, and detailed book on the history, evolution, and academic research on mutual funds and ETFs. It will serve as a wonderful textbook for college courses, and it will help investors make better choices on asset allocation, fund choices, and investment strategies." -- Larry Swedroe, Director of Research of the BAM Alliance and the author or co-author of 15 books on investing, including The Incredible Shrinking Alpha
"This book is a compendium of a large spectrum of high-quality thought on the industrial organization, regulation, performance, and evolution of the mutual fund industry. It is a must-have for academics, fund employees, and regulators, as well as investment advisors and serious investors in mutual funds. I highly recommend it." -- Russ Wermers, Professor of Finance, University of Maryland, author of Performance Evaluation and Attribution of Security Portfolios
"An invaluable reference for academics and practitioners interested in learning more about the changing landscape of investing with ETFs and mutual funds." -- Ananth Madhavan, Global Head of iShares Research, BlackRock
"This book is a collection of thorough analyses of the niches of mutual fund and ETF investing and the issues confronting the investor in these vehicles. Notable are its clear graphs, easily digestible writing, imaginative insights, and meticulous editing." -- Ed Tower, Professor of Economics, Duke University