invest chapter 4 - Chapter 4 continued Investment Policies...

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Chapter 4 continued.; Investment Policies. Money market Funds. Commerical paper, repurchase agreements, CD’s Bond Funds. Specialize in fixed-income (bonds) sector Equity Funds. Invest in stocks Specialized sector funds Concentrate on particular industry Global funds Invest in countries worldwide, including U.S. Regional funds Focus on particular part of world Emergining market funds Invest in developing nations. Lifestult and Balance funds Hold both equities and fized income securities in stable proportion Target date funds Asset miz becomes more conservastive as the investor ages Funds of funds Mutual funds that primarily invest in other mutual funds. Costs of Investing in Mutual Funds. Fee Structure! Operating expenses o : Costs incurred by mutual fund in operating portfolio 12b-1 Charges
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o Annual fees charged by mutual fund to pay for marketing/distribution costs Front end load o Commission or sales charge paid when purchasing shares
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