Details Title: Fin220 Description: Chapter 4: Mutual Funds Total Flash Cards: 16 Created: 09/30/2008 22:30:35		New Users: To study from this flashcard set, or to create your own your own study flash cards, REGISTER HERE. Existing Users: CLICK HERE. Additional Finance Flashcards
Cards in this set: Term Investment Company Definition Financial intermediaries Invest for people & provide: 1. Record keeping & administration 2. Deversification & divisibility 3. Professional management 4. Lower transaction costs Term Net Asset Value Definition (assets - liabilities) / #shares Term Managed Funds Definition Under the administration of Investment companies Term Open-end Funds Definition Redeem or issue shares at their NAV Term Closed-end Funds Definition Do not redeem or issue shares Term Load Definition Sales charge for open-end funds Term Commingled Funds Definition Partnership of investors that pool their funds Term Real Estate Ltd. Partnership Definition Similar to closed-end mutual fund, uses leverage to purchase real estate Term Mortgage Funds Definition Invest directly in mortgages by purchasing pass through funds Term Segregated Funds Definition A mutual fund with a guaranteed minimum value, sold by insurance companies Term Hedge Funds Definition Hedge investments by taking long and short positions, rich investors use them Term Index Fund Definition Tries to match performance of a broad market index Term Turnover Definition Ratio of trading activity to assets in a portfolio Term Management Expense Ratio Definition Operating expenses and other charges as a ratio of total assets Term Soft Dollars Definition Money mutual funds make that goes back into the fund to help investors Term Exchange Traded Funds (ETFs) Definition Allow traders to use index portfolios