Xem 1-20 trên 330 kết quả Mutual fund
  • wouldn’t buy a new home just because it looked good from the outside. We would do a thorough walk-through first. We’d examine the fur- nace, check for a leaky roof, and look for cracks in the foundation. Mutual fund investing requires the same careful investigation. You need to give a fund more than a surface-level once-over before investing in it. Knowing that the fund has been a good performer in the past isn’t enough to warrant risking your money. You need to understand what’s inside its portfolio—or how it invests.

    pdf303p batrinh 15-07-2009 170 84   Download

  • This chapter includes content: Background on mutual funds, stock mutual fund categories, bond fund categories, growth and size of mutual funds, performance of mutual funds, mutual fund scandals.

    ppt53p youcanletgo_05 18-01-2016 4 3   Download

  • This chapter describe basic features and operating characteristics of a mutual funds and exchange traded funds; differentiate between open- and closed-end mutual funds as well as exchange traded funds, and discuss the various types of fund loads and charges; discuss types of funds available to investors and the different kinds of investors services offered by mutual funds and exchange traded funds;...

    ppt34p estupendo2 12-08-2016 8 2   Download

  • Chapter 4 "Mutual funds and other investment companies" presents the following content: services of investment companies, net asset value, types of investment organizations, investment policies, costs of investing in mutual funds, exchange traded funds, a first look at fund performance,...

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  • Many of the same organizations who provided me with data for the first edition of Stocks for the Long Run willingly updated their data for this second edition. I include Lipper Analytical Services and the Vanguard Group for their mutual funds data, Morgan Stanley for their Capital Market indexes, Smithers & Co. for their market value data and Bloomberg Financial for their graphic representations.

    pdf314p vandoan27 10-06-2011 141 53   Download

  • Tài liệu "Kiến thức cơ bản về quỹ đầu tư tương hỗ (Mutual Fund)" sẽ giúp bạn hiểu rõ hơn về quỹ đầu tư này, cũng như những thuận lợi khi đầu tư thông qua quỹ đầu tư tương hỗ. Cùng tham khảo nhé.

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  • E very month, it seems, Wall Street comes up with some newfangled investment idea. The array of financial products (replete with 164-page prospectuses) is now so dizzying that the old lumpy mattress is starting to look like a more comfortable place to stash the cash. But there is one relatively new product out there definitely worth looking at. It’s something of a cross between an index mutual fund and a stock, and it’s called an exchangetraded fund, or ETF.

    pdf387p baobinh1311 25-09-2012 43 21   Download

  • However, there are a number of advantages to examining the smart money effect in fund management using our U.K.mutual fund data. First, ourmoney f low data aremonthly rather than quarterly. Second, we observe exact f lows rather than approximations based on fund values and fund returns. Third, we can distinguish between institutional and individualmoney f lows. Fourth, we can distinguish between purchases and sales. A further advantage is that we are able to examine mutual fund investor behavior in a different institutional setting from that of the United States.

    pdf37p khanhchilam 29-03-2013 34 10   Download

  • Mutual funds charge two kinds of fees: expenses and loads. Expenses comprise the management fee (typically a fixed percentage of assets under management) and other recurring operating costs—such as custodian, administration, accounting, registration, and transfer agent fees. Rather than charging explicit fees for these expenses, funds deduct them on a daily basis from the fund's net assets. Expenses are expressed as a percentage of assets under management (the expense ratio). Loads are one-time fees used to compensate distributors.

    pdf46p khanhchilam 29-03-2013 26 8   Download

  • A board’s role is to provide oversight, not to manage risks. Just as a board does not manage a fund’s investments or its business operations, it also does not manage the risks associated with those activities. Board oversight includes understanding the risk management processes employed by the adviser, asking questions where appropriate, and obtaining appropriate assurances that the processes are reasonably designed to manage and control the fund’s material risks.

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  • The second aim of this thesis is to investigate whether Thai mutual fund performance can be explained by any of its characteristics. The study examines statistic and economic importance of fund characteristics to its performance. In the literature, evidence is sparse and mixed on developed markets, let alone that on emerging markets. Rather than focusing on one particular characteristic, this study draws on the evidence from five important characteristics in the literature, which offer theoretical and empirical support.

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  • The study also offers an auxiliary performance measure to capture this effect and assesses how important it is to mutual fund performance in Thailand. The fourth aim of this thesis is to investigate and discuss policy implications in Thailand which adopt tax-advantaged types of mutual fund in order to encourage retirement and long-term savings. In this thesis, the performance and characteristics of these tax- advantaged funds are also investigated in a separate group and compared to those of general mutual funds. ...

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  • In addition to testing for the presence of smart money, the disaggregated na- ture of our fund f low data allows us to examine two key hypotheses with respect to mutual fund investor behavior. Specifically, we are in a position to compare the quality of fund selection decisions made by individual and institutional investors, and likewise to compare fund buying and selling decisions.

    pdf57p khanhchilam 29-03-2013 40 8   Download

  • The Investment Company Products/Variable Contracts Products Limited Representative Qualification Examination (Test Series 6) is a 100-question multiple-choice examination. A maximum of 135 minutes testing time is allowed for candidates to complete the examination. The passing grade is equal to 70% of the total number of questions on the examination. Candidates will be required to correctly answer 70 of the 100 questions on the examination to receive a passing grade.

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  • With respect to equity mutual funds, the study further notes that funds are experiencing diseconomies of scale in their expense ratios when their size exceeds $600 million to $800 million. Interestingly, the foregoing study does not even address the problem of "market impact costs" which are clearly an even greater expense to mutual funds than are the more visible costs used in the calculation of their...

    pdf16p quaivatdo 18-11-2012 34 7   Download

  • To quantify the impact of luck on mutual fund performance, we use the False Discovery Rate (F DR) introduced by Benjamini and Hochberg (1995) in the statistical literature. The F DR measures the proportion of lucky funds among the funds with significant estimated alphas. We extend this methodology by developing a new approach which allows us to separately compute the F DR among funds with significant positive estimated alphas (called hereafter the best funds) and funds with significant negative estimated alphas (called hereafter the worst funds)....

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  • As I noted, the financial crisis has created an increasingly global outlook among policymakers. More and more, national regulators are influenced by policies fashioned abroad, and international bodies are stepping up policy coordination. At the same time, the extraordinary worldwide rise of as- set managers as financial intermediaries has created new opportunities for funds. Responding to these and other trends, the Institute readied a new initiative —ICI Global— launched early in fiscal year 2012.

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  • Our study has signi cant real-world economic implications. European funds grew from a little over $3 trillion during 2000 to nearly $9 trillion during 2007; by the end of 2007, the European industry amounted to nearly three-quarters of the size of the U.S. mutual fund industry, which, over the same period, grew from $7 trillion to $12 trillion. Further, there were over 35,000 European- domiciled mutual funds by the end of 2010 (Investment Company Institute, 2011), almost ve times the number of U.S.-domiciled funds, indicating that the European market is highly frag- mented. ...

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  • We focus on the dynamics of active management skills, and how an investor might optimally choose active funds during varying business conditions. Building on studies such as Avramov and Wermers (2006) and Moskowitz (2000), we allow for the possibility of time-varying mutual fund alphas and betas among active managers in Europe. Following Christopherson, et al. (1998) and Ferson and Schadt (1996), we model such time-variation using a publicly available set of conditioning state variables.

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  • More importantly, while most of the theoretical models which we use to evaluate mutual fund performance are based on the assumption of efficient markets, emerging markets fail to meet these assumptions. Returns in emerging markets suffer from several chronic conditions such as high volatility, high trading cost, non-normality, and infrequent trading (Bekaert and Harvey, 2002). Furthermore, there is still some doubt whether the factors documented in developed markets can also explain stock returns in emerging markets (for example, Claessens et al.

    pdf0p khanhchilam 29-03-2013 31 7   Download

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