Mutual funds compete for investor interest with many other forms of investment. Some of these competing forms are regulated under the Investment Company Act of 1940, but others are not. Panelists at this AEI conference will discuss three competing forms of investment—exchange-traded funds (ETFs), separately managed accounts, and the customized...

The U.S. structure for collective investment, in which individual corporations hire outside investment advisers, is unusual among developed economies. Most other industrialized nations use structures based on a direct contractual relationship between the fund manager and the investor. In such structures, there is no intervening corporation, but there are...

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This is the second in a series of conferences to explore the regulation of mutual funds. Mutual funds are only one form of collective investment vehicle regulated at the federal level. Other categories include bank common trust funds and collective investment funds, both of which are exempt from the...

Although the mutual fund industry has grown phenomenally in recent years and now holds more than $8 trillion in securities, it still operates in a highly competitive market. Mutual funds today face strong competition from defined contribution plans and particularly from 401(k) investments. Administrators of 401(k) and other pension plans,...

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Statement No. 252For Information Contact:Charles W. Calomiris212-854-8748Richard J. Herring215-898-5613

With the encouragement of the US Treasury three leading participants in the mortgage-backed securitization market--Bank of America, Citibank...

Greater clarity about costs should ultimately enable fund investors to obtain investment services at lower cost.

As China's military strategy develops, so should a serious US response to it.