Routledge Regulation and Governance of Mutual Funds Book

Gain a deep understanding of mutual fund regulations and governance with this expert analysis from Routledge. This book focuses on investor protection by comparing perspectives from the United Kingdom and the United States of America. It provides a clear breakdown of mutual funds through their social utility, legal attributes, and specific functions. Readers will examine the level of protection offered to retail investors under current regulatory frameworks. A significant portion of the text addresses the agency problem created by the separation of fund ownership and management. Because mutual funds are externally managed, a potential conflict of interest exists between the self-interests of fund managers and the interests of the investors. This book offers an in-depth look at these challenges, making it a valuable resource for those studying finance and banking law.