Term
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Definition
Financial intermediaries
Invest for people & provide:
1. Record keeping & administration
2. Deversification & divisibility
3. Professional management
4. Lower transaction costs |
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Term
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Definition
| (assets - liabilities) / #shares |
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Term
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Definition
| Under the administration of Investment companies |
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Term
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Definition
| Redeem or issue shares at their NAV |
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Definition
| Do not redeem or issue shares |
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Term
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Definition
| Sales charge for open-end funds |
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Definition
| Partnership of investors that pool their funds |
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Term
| Real Estate Ltd. Partnership |
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Definition
| Similar to closed-end mutual fund, uses leverage to purchase real estate |
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Definition
| Invest directly in mortgages by purchasing pass through funds |
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Definition
| A mutual fund with a guaranteed minimum value, sold by insurance companies |
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Definition
| Hedge investments by taking long and short positions, rich investors use them |
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Definition
| Tries to match performance of a broad market index |
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Definition
| Ratio of trading activity to assets in a portfolio |
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Definition
| Operating expenses and other charges as a ratio of total assets |
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Term
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Definition
| Money mutual funds make that goes back into the fund to help investors |
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Term
| Exchange Traded Funds (ETFs) |
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Definition
| Allow traders to use index portfolios |
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