An Introduction to Investment Funds
Petko Bahovski, who has previously worked for Coutts and Credit Suisse, managing teams of private bankers, and for JP Morgan as Executive Director, teaches you how to select funds based on the reliability of the business model and investment processes used by asset managers, as well as the quality and substance of their operations.
You'll learn how to assess management companies and fund structures, what pertinent questions to ask regarding the fund’s service providers, and also how to perform thorough compliance and background checks on fund managers. An Introduction to Investment Funds empowers you with an increased awareness of the funds available, along with an understanding of their pitfalls and strengths, thereby enabling you to make better-informed investment decisions.
Professional asset management is one of the largest and most profitable businesses in the world. The value of professionally managed assets at the end of 2014 was estimated to be US$74 trillion. The variety of products and funds to choose from is enormous. The purpose of this book is to provide a concise summary of the different types of investment funds that are being offered.
Investment funds may be termed differently in different countries around the world. For example they are also known as investment trusts in the UK, mutual funds in the US, FCP in Luxembourg, SICAF in Luxembourg and Switzerland, SICAV in France, Italy, Luxembourg and Switzerland and unit trusts in Ireland and the UK. For consistency the term “investment funds” is used.
Alternative Investment Funds
Asset Classes by Country, Region and Industry
For each type of fund above the following points are addressed:
Fund description: what is the fund about?
For whom is the fund suitable?
What is the fund’s investment strategy or investment objective?
What is the fund’s benchmark?
Risk and reward profile
What are the main risks of investing in the fund?
How will this fund make money?
What are the fund’s fees and expenses?
|Publication date||30 Oct 2015|
|Size||155mm x 235mm|
1. Bond Funds
Classic bond funds
Country- or region-specific bond funds
Global bond funds
Emerging-markets bond funds
Corporate bond funds
Inflation-linked bond funds
High-yield bond funds
Municipal bond funds
2. Bond-and-Equity Funds
3. Equity Funds
Equity value funds
Equity growth funds
Equity blend funds
Equity sector funds
Equity income or dividend funds
Global equity funds
Emerging-markets equity funds
4. Asset-Allocation Funds
5. Alternative Investment Funds
Real-estate funds and REITs
Sustainable and responsible funds
6. Fund Tools
Investment funds’ fees and costs
Your financial portfolio versus your overall wealth
Bonds credit rating table
Risk and return profile table
Risks to consider when investing in funds