Mutual Funds

Board designated funds are not restricted. Funds can only be restricted by the donor. Therefore when the board restricts or designates the funds for a purpose they are still considered unrestricted.

For practical reasons we can say there are four types of investment companies, although the federal securities laws categorize investment companies only into the first three types: # Mutual funds (legally known as open-end companies); # Closed-end funds (legally known as closed-end companies); # UITs (legally known as unit investment trusts); # Exchange Traded Funds (legally known as open-end company or UIT).* *According to SEC website, Exchange-traded funds, or ETFs, are not considered to be, and are not permitted to call themselves, mutual funds, even though they are legally classified as open-end companies or UITs. This is because they differ from traditional open-end companies (mutual funds) and UITs in that ETF shares trade on a secondary market and the redeemability of ETF shares is very limited - ETFs do not sell individual shares directly to investors and their shares are only redeemable in very large blocks (blocks of 50,000 shares for example). Some types of companies that might initially appear to be investment companies may actually be excluded under the federal securities laws. For example, private investment funds with no more than 100 investors and private investment funds whose investors each have a substantial amount of investment assets (e.g. Hedge Funds) are not considered to be investment companies. This may be because of the private nature of their offerings or the financial means and sophistication of their investors.

On top of management fees for operating a fund, most funds will also charge a fee for share distribution and service costs, commonly referred to as "12b-1" fees (named after a regulatory paragraph regarding investment companies). "12b-1" fees in practical terms refers mostly to money incentives (kickbacks) paid to brokers and other wholesalers for pushing the funds to retail investors. The 12b-1 fee reduces after-fee performance of a fund and decreases the return on your initial investment.

According to SEC website: Exchange-traded funds, or ETFs, are investment companies that are legally classified as open-end companies or Unit Investment Trusts (UITs). However, because of the limited redeemability of ETF shares, ETFs are not considered to be-and may not call themselves-mutual funds, and differ from traditional open-end companies and UITs in the following respects: ETFs do not sell individual shares directly to investors and only issue their shares in large blocks (blocks of 50,000 shares, for example) that are known as "Creation Units." Investors generally do not purchase Creation Units with cash. Instead, they buy Creation Units with a basket of securities that generally mirrors the ETF's portfolio. Those who purchase Creation Units are frequently institutions. After purchasing a Creation Unit, an investor often splits it up and sells the individual shares on a secondary market. This permits other investors to purchase individual shares (instead of Creation Units). Investors who want to sell their ETF shares have two options: (1) they can sell individual shares to other investors on the secondary market, or (2) they can sell the Creation Units back to the ETF. In addition, ETFs generally redeem Creation Units by giving investors the securities that comprise the portfolio instead of cash. So, for example, an ETF invested in the stocks contained in the Dow Jones Industrial Average (DJIA) would give a redeeming shareholder the actual securities that constitute the DJIA instead of cash.

Investing in a mutual fund is not necessarily less of a risk. What makes a mutual fund less riskier than a single stock is that the risk is spread out amonst many more companies. Let's assume the mutual fund you own owns stock in 100 different companies. If one of those companies go bankrupt, you'll probably only lose on average 1% of your money. If you own stock in a single company and that company goes bankrupt, you lose 100% of your money. But let's assume you have stock in a very safe company like McDonald's and your friend owns a mutual fund which is comprised of 50 new fast-food restaurants. Your stock in McDonald's may actually be less of a risk than in that type of mutual fund. So, it's important to see what types of stocks a mutual fund is comprised of before assessing how safe or risky it is.

Yes they are. Since mutual funds invest in the stock market they carry the same risk that stock market has. If the price of stocks tumbles due to some reason, the value of a mutual fund goes down and hence our investment worth also goes down. Certain type of funds like debt funds and balanced funds do not bear the brunt of a stock market collapse but they suffer losses too, during an economic crisis.

In American politics the term matching funds refers to the money a presidential candidate is given by federal government to match the money they have raised personally. Candidates can expect up to US$250 extra from public funds for each contribution from an individual they receive.

No degree is formally required, but most hedge fund managers have MBA's.

Mutual funds are platforms that pool in a set of investors money and invest in stocks and securities for mutual benefit of all the investors and the fund as a whole. Mutual funds are of various types such as debt funds, equity funds, mix funds etc. Mutual funds usually invest in a variety of stocks and the same is difficult to be achieved by an individual investor. Investing in a variety of stocks provides stability of prices, safety of returns majorly due to diversification.

Also, mutual funds are governed by laws and regulations that assures the investors of safety and security. Since, mutual funds are able to pool in funds from a large group of investors they provide financial resources to a companies and entrepreneurs.

If it is a government military of a nation for example: British Army, United States Marine Corps, Royal Australian Air Force etc then the Government Defence budjet would be their financial source.

If its a private military they would get profit and income revenue from their clients and possibly other sources.

Regardless, if it's replaced or not, If used unauthorized, the appropriate title would be Embezzlement .

Fluctuating fund system is handling petty cash fund wherein every expenses/voucher is debited directly with petty cash fund as a credit. The petty cash fund is debited only whenever there is a replenishment wherein the proforma entry is:

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it involves the exchnge of one currency for another at a fixed rate on same future date to hedge transaction exposure

An open end mutual fund generally continues to accept investment after the fund is started. As this happens, the fund can grow larger as more investors buy shares in the fund. The open end fund then takes those new dollars and buys additional securities. Shares are priced at the end of day by taking the value of the fund's net asset value divided by the number of shares outstanding. Each share is thus priced at par value to the underlying investments in the fund. To "cash-out" of one's investment, the shares are redeemed by the fund itself, usually after trading is over for the day at the net asset value price for that day. Occasionally, if management of an open end fund feel cash is flowing into the fund to quickly, they may close the fund to new investment, but is still classified as an open end fund.

A closed end mutual fund generally accepts investment only during initial setup. After that, shares in the fund are bought and sold similar to a stock on one of the exchanges. The shares may sell at a discount or a premium to the underlying securities owned by the fund, depending on the market. To "cash-out", an investor sells the shares on the exchange at the market price during the trading day. The fund itself is not involved in the day-to-day sale and purchase of fund shares.

I just called a branch and they said "not yet because we are not fully integrated with Chase, but soon you will be able to do it."

They do answer their phones "Thank you for calling WaMu, now part of Chase".

Basically people give you money to invest and you take a percentage of that money. Its more complicated that that but if your really interested do some research.

In Mutual Funds, bonus option means any income distribution announced the investor will received additional units on the number unit/shares holdings at the close of a period i.e. if the management company announces dividend at 10% at par value, your holding would increase by 10% e.g. if you are holding 100 at close of FY you will be issued additional 10 units and your cumulative holding would be 110 units.

The advantage of bonus is that, since no cash payout has been made the bonus units issued would be exempt from with-holding tax.

Over a long-term period, if one does not require any cash from the fund, the bonus option is considered beneficial since the number of units increases at any distribution, thus causing a compounding effect on the initial investment.

An index fund is one that mirrors the performance of the underlying index. For example if there is an index fund based on the BSE Sensex, the investments done by the fund manager would be in exactly the same ratio as the % weightage of stocks in the BSE Sensex. He would invest in only those 30 stocks and stay away from other stocks. Hence the performance of the fund would be an exact replica of how the BSE performs.

Mutual funds are distributed through five distinct channels. They are available through a direct channel (from the fund family), an advice channel (with the recommendation of an advisor), through a retirement channel (such as 401(k) or IRA accounts), or through a supermarket channel (often a brokerage account that offers numerous funds from different fund families). These four distribution channels serve the individual investor. The fifth is known as the institutional channel and is used by foundations, business, endowments and a host of other large groups using mutual funds for investment purposes.

That depends on the bank. Some banks offer overdraft protection, meaning they cover the check and deduct the amount for the check plus a fee for the service from your account which could result in a negative balance. You should check with your bank to see if they provide this service to you.

Crystallized incentive fee on a hedge fund means that the incentive fee is frozen for a period of time. Instead of the fee going up or down, it crystallizes or freezes at a certain rate.

They play a crucial role in channeling savings of millions of individuals/households from different parts of the country into investment in both equity and debt instruments."RFBJR from RSA"