Free US Law Dictionary
BETA
Mutual Fund
A mutual fund is a professionally managed firm of collective investments that collects money from many investors and puts it in stocks, bonds, short-term money market instruments, and/or other securities.[1] The fund manager, also known as portfolio manager, trades the fund's underlying securities, realizing capital gains or losses and passing any proceeds to the individual investors. Currently, the worldwide value of all mutual funds totals more than $26 trillion. [2]
Since 1940, there have been three basic types of mutual fund investment companies in the United States. Similar funds also operate in Canada. However, in the rest of the world, mutual fund is used as a generic term for various types of collective investment vehicles, such as unit trusts, open-ended investment companies (OEICs), and unitized insurance funds.
Millstein Center and the Mutual Fund Directors Forum Found Network of Independent Mutual Fund Leaders
On May 5, 2008, The Millstein Center for Corporate Governance and Performance at the Yale School of Management and the Mutual Fund Directors Forum partnered with independent leaders of mutual fund boards of trustees to found the Conference of Fund Leaders (CFL), a permanent new body composed of independent board chairs and lead independent directors [...
How Big Can Mutual Fund Losses Get?
Memphis, TN: The question that faces people who have money invested in mutual funds is, how big can mutual fund losses get? The answer is, they can actually get much bigger...
Mutual fund datapoint of the day
Clearly, these target-date funds -- which are likely to become much more popular if and when the Obama administration enacts opt-out rules for 401(k) contributions -- could do with a bit of regulation: many of them seem to be designed to maximize fund-management fees, through a fund-of-funds structure, while doing very little to actually reduce risk as the target date approaches...
Mutual fund fee datapoint of the day
What happened to mutual-fund fees and expenses in the wake of the financial crisis? Lipper has crunched the numbers, and it seems that the tumble in the stock market didn't have much effect on expenses:
SEC Announces Mutual Fund Comparison Aid
The SEC announced the launch of a new Internet Web page that enables investors to more easily read, analyze, and compare the information provided by mutual funds related to fund cost, risk, and past performance...
Zitzewitz on Mutual Fund Settlements
An Eliot Effect? Prosecutorial Discretion in Mutual Fund Settlement Negotiations, 2003-7, by ERIC ZITZEWITZ, Dartmouth College, was recently posted on SSRN...
Should I sign a Waiver of Process Consent to Probate?
By signing a Waiver of Process; Consent to Probate, you agree that there does no...
What is the cost basis of inherited mutual funds? Is it the value of the when the person died or the amount on the date the funds were sold? Are reinvested dividends included in this amount?
The cost basis of inherited assets, mutual funds, stocks, etc. is the value of t...
What is the difference between a Market Index Fund and an Exchanged-traded Fund (ETF)?
A market index fund is a fund that buys the stocks in a given index. Accordingly...
#1 Online Legal Resource
Should I sign a Waiver of Process Consent to Probate?
By signing a Waiver of Process; Consent to Probate, you agree that there does no...
What is the cost basis of inherited mutual funds? Is it the value of the when the person died or the amount on the date the funds were sold? Are reinvested dividends included in this amount?
The cost basis of inherited assets, mutual funds, stocks, etc. is the value of t...
What is the difference between a Market Index Fund and an Exchanged-traded Fund (ETF)?
A market index fund is a fund that buys the stocks in a given index. Accordingly...
 |
|
Contact Us | About Us | Celebrity Law Blog |
Our Partners | Disclaimer
| Law Blog Directory
| Law Jobs
| Law Tweets
| GoDaddy Hosting
All original material © 1999-2009 by USLaw.com. |