Exchange -Trade Funds

eBook (PDF), 4 Pages
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Investment companies, manage the funds of individuals, businesses, and state and local governments, and are compensated for this service by fees that they charge. The fee is tied to the amount that is managed for the client and, in some cases, to the performance of the assets managed. Some asset management companies are subsidiaries of commercial banks, insurance companies, and investment banking companies. As an investment vehicle, open-end funds (i.e., mutual funds) are often criticized for two reasons. First, their shares are priced at, and can be transacted only at, the end-of-the-day or closing price. Specifically, transactions (i.e., purchases and sales) cannot be made at intraday prices, but only at closing prices. Second, while we did not discuss the tax treatment of open-end funds, we note that they are inefficient tax vehicles.
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Product Details

April 16, 2013
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620.93 KB
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Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
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Printable? Yes
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