July 12 - Nivine Richie, Ph.D., CFA Email: [email protected]..

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Nivine Richie, Ph.D., CFA Email: [email protected]
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Mutual Funds and Other Investment Companies What is an Investment Company? What are the distinguishing characteristics of Unit Investment Trusts (UITs) Closed End Funds (CEFs) Open End Funds (Mutual Funds) Hedge Funds Exchange-Traded Funds (ETFs) What are the costs and benefits of investing? What is active v. passive investing?
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Investment Companies Issue securities Engaged in the business of investing in securities Subject to regulations: 1933 SEC Act 1940 Investment Company Act
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Features of Investment Companies 1. How are the shares issued? 2. How are the shares redeemed? 3. How is the price determined? 4. What are the investment policies? 5. Are there other identifying characteristics?
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1. Issued by the fund directly to investors. 2. Redeemed by the fund daily. 3. Price per share is NAV at 4pm
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This note was uploaded on 10/21/2010 for the course ECON 1530 taught by Professor Ohly during the Spring '10 term at Dartmouth.

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July 12 - Nivine Richie, Ph.D., CFA Email: [email protected]..

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