Textbook Notes (367,787)
Canada (161,400)
RSM230H1 (34)
Chapter 22

CSC_Chapter 22 Exchange-Listed Managed Products.pdf

1 Page
Unlock Document

Rotman Commerce
Laurence Booth

Chapter 22: Exchange-Listed Managed Products December-13-11 2:08 AM Exchange-Traded Funds (ETFs) • Diversified;Reflect the performanceof differentsectors • Trade on a stock exchange like stocks:Margineligible/limit & stop loss/ short selling • Trade at close to NAV: (large blocks of shares continuallycreated and sold as demandvaries • Mutualfunds pricedonce daily • ETFholdings posted daily: full knowledgeof the underlying; mutualfunds usuallytwice a year. • Financial advantages  Fewer distributions(tax)  Don't need to hold cash for redemptions.  No front-end load/deferred sales charges (XIU 0.17%)  Generallylower managementexpenseratios (XIU 0.17%)  Source:TSX ○ Investmentvehicles that combine some of the featuresof mutualfunds and individualstocks ○ Structuredas open-endedmutualfund trusts and are similar to index mutualfunds becausethey representa portfolioof securities that track specific market indexes ○ Tradedthroughout the day, can employstock tradingstrategies such as derivatives and shortselling ○ Trading ETFs  Long-termgrowth (buy and hold)  Short-term growth (buy and sell) for short-term forecasts of a particu
More Less

Related notes for RSM230H1

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.