Chapter 4 - DS - Finance 360 Investments Chapter 4...

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Finance 360 Investments Chapter 4
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Investment Companies Advantages Record Keeping and Administration Diversification Professional Management Lower Costs
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Net Asset Value Net Asset Value = Market Value of Assets Minus Liabilities Shares Outstanding
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Types of Investment Companies Unit Investment Trusts Managed Investment Companies
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Unit Investment Trusts What is it? Advantages Record Keeping and Administration Diversification Lower Costs Does not provide active professional management
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Managed Investment Companies What are they? Two Types Closed-end Funds Open-end Funds
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Open-end Funds Mutual Funds Shares are continuously created and redeemed Shares are created and redeemed at net asset value Advantages Record Keeping Diversification Professional Management Lower Costs
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Closed-end Funds Do not redeem and issue shares continuously Shares are created once at the inception of the fund Shares trade on exchanges like stocks
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This note was uploaded on 01/12/2010 for the course FIN FIN 360 taught by Professor Shimmin during the Fall '09 term at University of Dayton.

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Chapter 4 - DS - Finance 360 Investments Chapter 4...

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