An Introduction to Mutual Funds Worldwide (Securities by Ray Russell

By Ray Russell

This consultant explains what mutual money are, how they've got built and the way they're used, regulated and administered around the globe. either open-ended and closed-ended money are defined and the diversities among the foreign markets, fairly united states, Europe and united kingdom are addressed.Written through winning coach and advisor, Ray Russell, the cloth displays the expansion and significance around the globe of mutual cash as a way of making an investment in around the world monetary improvement, even if to construct a fund for retirement or in a different way. Readers will achieve a uncomplicated appreciation of Mutual cash of their many kinds, advocating using the mutual fund as a smart, effective and eventually profitable technique of funding. It covers the origins, goal, improvement, makes use of, operation and rules of mutual money and attracts consciousness to similarities and variations among significant jurisdictions, commenting on their specified positive factors and methods.

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Extra info for An Introduction to Mutual Funds Worldwide (Securities Institute)

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3 BENEFITS OF MUTUAL FUNDS Institutions obtain administrative and, sometimes, taxation benefits by using mutual funds to manage their own assets. Such funds are invariably not available to the general public. Funds that are authorised to be promoted to the general public (frequently referred to as ‘retail funds’), usually extol the benefits to the private individual, namely: Small investment required Although both minimum holdings and minimum initial amounts are usually required, individuals can invest comparatively small sums of money in mutual funds, particularly through plans that accept regular subscriptions.

A typical fund invests in 50–100 companies in an attempt to eliminate unsystematic risk. If a participant invested his money directly into the shares of one company, he could lose all of it if the company went into liquidation. Within a mutual fund’s broadly based portfolio, only a relatively small amount would be lost as a result of the failure of a single investment. (b) Geographic, industry or economic sector and asset type spread: This is referred to as diversification. While nearly all funds offer a spread, not all offer diversification and all but the ‘balanced’ or ‘hybrid’ fund offer only limited diversification.

So-called ‘small investors’ can thereby obtain the benefits of worldwide economic activity (hopefully growth) rather than allowing these to be enjoyed by the banks (and their shareholders) and others with whom they deposit their funds in return for an interest income. Spread of risk By ‘risk’ we typically mean the risk that our investment will depreciate in value or, in the extreme, cease to THE MANAGEMENT OF FUNDS 31 have any value. In the context of a portfolio of investments, there are two aspects to risk and therefore to risk-spreading.

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