Permachart - Marketing Reference Guide: Net Asset Value, Mutual Fund, U.S. Securities And Exchange Commission

1974 views4 pages
4 Jun 2015
School
Department
Course
Professor

Document Summary

History: mutual funds can be traced back to 19th century english and. Scottish investment trusts: the first modern mutual fund company, massachusetts investment. Trust, was formed in boston in 1924 (now state street research: currently, more than 5000 individual mutual fund portfolios representing over . 2 trillion are registered with the securities. Exchange commission: over 950 new funds were created in 1997. Charge an initial commission on the purchase only. Back-end (deferred) charge the commission on the load funds redemption or exit the back-end load is usually reduced by 1% for each year the investor holds the fund. Direct method: shares are purchased directly from the fund by the investor at the nav, shares are redeemed directly to the fund at the nav. Do not charge either buying or selling commissions. Professional management: most mutual funds have a full-time staff of security analysts and portfolio managers to select and monitor the investments to maximize returns.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers

Related Documents