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Note: BOOK : The Fund Industry : How Your Money Is Managed 1. What is the unique procedure available to fund shareholders for challenging a

Note: BOOK : The Fund Industry : How Your Money Is Managed

1. What is the unique procedure available to fund shareholders for challenging a fund advisers management fees as excessive? What factors do courts use in determining excessive fees?

2. What are the critical differences between mutual funds and closed-end funds? Why do you think closed-end funds have declined in popularity relative to mutual funds?

3. How are exchange-traded funds (ETFs) and unit investment trusts (UITs) different from index mutual funds, and from each other?

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