Abstract
During the last quarter century, mutual funds have become the investment vehicle of choice for most American investors. Six percent of US households had $135 billion invested in mutual funds in 1980, and by the end of 2004, 48 percent of households had $8.1 trillion invested in mutual funds (Investment Company Institute, 2005). There are now more than 8,000 US mutual funds, compared with only 564 in 1980 (ibid.).
The authors thank Martin Chen, Taylor Hui, Ya-ping Lee and Qiumei Yang for their helpful comments and suggestions.
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References
Bullard, M. (2006) “The Mutual Fund as a Firm: Fund Arbitrage, Frequent Trading and the SEC’s Response to the Mutual Fund Scandal”, Houston Law Review, 42: 1271.
Hamlin, K. (2005) “The Feeling’s Mutual”, Institutional Investor, October: 58–60.
Investment Company Institute (2005) Investment Company Fact Book ( Washington, DC: ICI).
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© 2007 Mercer Bullard, Guangxi Jia, Jin Meng and Ji Qi
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Bullard, M., Jia, G., Meng, J., Qi, J. (2007). US and Chinese Mutual Fund Regulation. 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_12
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DOI: https://doi.org/10.1057/9780230626508_12
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-28541-9
Online ISBN: 978-0-230-62650-8
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