Springer - The Economics of Mutual Fund Markets, Vol 7

Explore the complex dynamics of the mutual fund industry with this specialized academic text from Springer. Part of the Rochester Studies in Managerial Economics and Policy series, this volume examines the tension between competition and regulation within financial markets. The research originated from a specific need to assist legal counsel for Fidelity Management and Research Corporation in analyzing the mutual fund sector. The study focuses heavily on money market mutual funds and the specific mechanisms used to determine advisory fees. This analysis was prompted by litigation regarding the fee levels charged to shareholders of the Fidelity Cash Reserve Fund. This book provides deep insights into how fee structures are set and how regulatory environments impact market behavior. It serves as a significant resource for those studying macroeconomics, finance, and the legal aspects of the investment industry. Whether you are researching market competition or the legalities of fund management, this text offers a detailed look at real-world economic challenges.