Open end investment fund
[DOC File]Investment Companies
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Open End Fund. Referred to as a mutual fund. Continues to sell shares after the initial sale of shares that starts the fund. Capitalization continually changing. Purchase. Direct from fund. Indirect from sales agent. Fund must buy back shares at current NAV. Fund is a corporation formed by an investment advisory firm that selects the board of ...
Chapter 3
Answer: A closed-end investment company has a fixed number of shares, and the price depends on supply and demand. An open-end fund’s shares increase as long as new investors contribute money, and the price is the net asset value of the securities owned.
[DOC File]PRACTICE QUESTIONS Background Chapters 1-5
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a. an example of a mutual fund classified as an aggressive growth fund. a closed-end fund. an open-end investment company. an index fund. 27. The Russell 2000 is a . a. price-weighted market index used to measure small cap stocks. b. value-weighted market index used to measure large and small cap stocks. c. value-weighted index used to measure ...
[DOC File]INSTRUCTIONS TO FORM NF - NASAA
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Amendments include changes in the correspondent or fund name or a new fiscal year end. Changes such as reorganizations should be reported under "Other", with a written explanation. If in doubt about the proper category, use "Other" and provide an explanation. ... Open-end Mutual Fund [] Unit Investment Trust [] Closed-end Mutual Fund [] Initial ...
[DOC File]Chapters 1&2 - Investments, Investment Markets, and ...
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Open-end fund: investors can buy shares from or sell shares back to the fund at NAV (it may involve in purchase or redemption charges), with no limit on the number of shares the fund can issue. Closed-end fund: it is traded at prices that can differ from NAV and the number of shares outstanding is fixed. Unit investment trust: money pooled from ...
[DOC File]INVESTMENT POLICY
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a. the mutual funds shall be an open-end diversified investment. company registered under the Federal Investment Company. Act of 1940, as amended; b. the management company of the investment company shall . have been in operation for at least (5) years; c. all of the securities in the mutual fund shall be eligible investments. under this section.
[DOCX File]Conditions attached to operations of investment management ...
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2) the requirements of the Law on Investment Management Companies and of the FCMC regulations for the activities of an open-end investment fund (UCITS); 3) the fund rules and the fund prospectus in respect of which the approval has been requested. 1.2. M. arketing of investment certificates. of the UCITS funds: According to Article 4.2 of
[DOCX File]Statutory Accounting Principles Working Group
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open-end funds (mutual funds) and exchange traded funds.) With this revision, comments are requested on whether separate reporting lines would be needed to differentiate between mutual funds, closed-end funds and unit-investment trusts, or whether all of these funds can be captured in the same reporting line on Schedule D-2-2.
[DOC File]FIN432
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The original form of mutual fund, a closed-end fund is a mutual fund investment company that issues a fixed number of shares at a specific point in time. An open-end fund issues a flexible number of shares depending upon investor supply and demand. The publicly-traded price of closed-end fund shares can and does tend to vary from the underlying ...
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