Ch 13 fin3244

Ch 13 fin3244 - Ch 13 Fin3244 Management fee= A charge...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Ch 13 Fin3244 Management fee= A charge levied by an investment manager for managing an investment fund. Closed end investment company= An investment company that issues its shares in large blocks at infrequent intervals and is not obligated to redeem or repurchase them. Exchange traded fund= A security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange. ETFs experience price changes throughout the day as they are bought and sold. Load fund= A mutual fund that comes with a sales charge or commission. The fund investor pays the load, which goes to compensate a sales intermediary No-load fund= A mutual fund in which shares are sold without a commission or sales charge. The reason for this is that the shares are distributed directly by the investment company, instead of going through a secondary party. Low load fund= Mutual fund that charges a low sales/purchase and service fee, typically 3 percent as compared to up to 9 percent (or even more) in full load funds.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

Ch 13 fin3244 - Ch 13 Fin3244 Management fee= A charge...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online