Class Notes (835,926)
Canada (509,504)
York University (35,286)
Geography (286)
GEOG 1000 (81)
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Lecture

Mutual Funds.doc

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Department
Geography
Course
GEOG 1000
Professor
All Professors
Semester
Fall

Description
Mutual FundsA professionally managed investment that pools funds from many investors to buy securities however they are not exchangetradedAdvantages includeContinuous professional managementAdministration and recordkeepingDiversification and share divisibilityReduced transaction costsNet Asset Value per shareUsed as a basis for validation of investment company shares calculated dailyoThe price when buying new sharesoRedeemingselling existing sharesNAV Market value of assetsliabilitiesshares outstandingTypes of Mutual FundsMoney Market Funds
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