25556 Chapter Notes - Chapter 4: Investment Fund, Alternative Investment, Interest Rate Risk

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2 Nov 2018
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Fund managers pool investor"s funds and arrange their collective investment, contributing to the. The investors receive the investment return less fees paid to the fund manager, and hold the investment risk. The collection and administration of investor"s funds. Superannuation - long-term savings scheme that aims to generate retirement income from contributions made during a person"s working life, compulsory in australia. Most supers are accumulated schemes which produce a lump sum that depends upon the size of contributions and the rate of earnings on their investment. The superannuation industry is comprised of: not-for-pro t schemes established by employers and trade unions, for-pro t schemes established by professional fund managers, self-managed funds. Managed super schemes are constituted as trusts, with trustees that ensure the investment manager allocates funds according to each contributor"s choice and in a manner consistent with the trust deed for the purpose of maximising the accumulated sum. Have a duciary duty of car eta the scheme"s members.

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