October 21, 2008

Former ICI President Pens Tell-All Book

Remember Matt Fink? He was President of the Investment Company Institute, the national association of the mutual fund industry, from 1991 to 2004.

Now, he has published a book -- The Rise of Mutual Funds. It's the first book that pulls together the many strands of mutual funds' unique history and successes, written by an expert who draws on 40 years of experience in the industry.

The Rise of Mutual Funds describes the developments that have produced mutual funds' long history of success. Among these developments are:

• formation of the first mutual funds in the roaring 20s
• how the 1929 stock market crash, a disaster for most financial institutions, spurred the growth of mutual funds
• establishment in 1934, over FDR's objection, of the United States Securities and Exchange Commission, the federal agency that regulates mutual funds
• enactment of the Revenue Act of 1936, the tax law that saved mutual funds from extinction
• the unexpected passage of the Investment Company Act of 1940, the "constitution" of the mutual fund industry
• the creation in 1972 of money market funds, which totally changed the mutual fund industry and the entire U.S. financial system
• enactment of the Employee Retirement Income Security Act of 1974, which created Individual Retirement Accounts
• the accidental development of 401(k) plans, which have revolutionized the way Americans save for retirement
• the 2003 trading abuses, the greatest scandal ever in the industry's history.

Many events have never been discussed in detail until now.

Click here for more information. You can also email Matt for potential speaking opportunities or media interviews.

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