Join Our Whatsapp Group to Get Latest Updates... : Click Here

Join Our FaceBook To Get More Update ... Click Here.

Join Our Telegram News Channel : Click Here

9 August 2017

SENIOR CLERK MODEL PAPER 34

A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. Mutual funds have advantages and disadvantages compared to direct investing in individual securities. The primary advantages of mutual funds are that they provide a higher level of diversification, they provide liquidity, and they are managed by professional investors. On the negative side, investors in a mutual fund must pay various fees and expenses. Primary structures of mutual funds include open-end funds, unit investment trusts, and closed-end funds. Exchange-traded funds (ETFs) are open-end funds or unit investment trusts that trade on an exchange. Mutual funds are also classified by their principal investments as money market funds, bond or fixed income funds, stock or equity funds, hybrid funds or other. Funds may also be categorized as index funds, which are passively managed funds that match the performance of an index, or actively managed funds. Hedge funds are not mutual funds; hedge funds cannot be sold to the general public and are subject to different government regulations. Mutual funds were introduced to the United States in the 1890s. Early U.S. funds were generally closed-end funds with a fixed number of shares that often traded at prices above the portfolio net asset value. The first open-end mutual fund with redeemable shares was established on March 21, 1924 as the Massachusetts Investors Trust. (It is still in existence today and is now managed by MFS Investment Management.) In the United States, closed-end funds remained more popular than open-end funds throughout the 1920s. In 1929, open-end funds accounted for only 5% of the industry's $27 billion in total assets.

Click here to download this paper


To Get Fast Updates Download our Apps:Android|iOS|Telegram

Stay connected with us for latest updates

Important: Please always Check and Confirm the above details with the official website and Advertisement / Notification.

To Get Fast Updates Download our Apps:Android|iOS|Telegram

Stay connected with us for latest updates

Important: Please always Check and Confirm the above details with the official website and Advertisement / Notification.

0 comments:

Post a Comment

Please Comment Your Questions, Queries or Suggestions

Search This Website

Our Visitors

Popular Posts

Join With Me By Facebook

Mo.No.- 95582 50386

Mo.No.- 95582 50386

Google+ Followers

Categories