Abstract
Mutual funds have become a popular structure for investors seeking exposure to financial markets. With thousands of funds in operation, it is unsurprising that mutual funds have become the largest means of investment in the USA, with almost $7.5 trillion of assets held at the beginning of 2004.1 The structure provides investors with an opportunity to participate in securities markets without having to become money managers themselves. Furthermore, by pooling small amounts of money into a single fund value, individual investors are able to participate in investment strategies that would have otherwise been financially unfeasible.
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© 2007 Rachel Campbell and Joshua Pullan
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Campbell, R., Pullan, J. (2007). Diversification into Art Mutual Funds. In: Gregoriou, G.N. (eds) Diversification and Portfolio Management of Mutual Funds. Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230626508_1
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DOI: https://doi.org/10.1057/9780230626508_1
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