Open End Investment Fund
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Author | : Dunhong Jin |
Publisher | : International Monetary Fund |
Total Pages | : 46 |
Release | : 2019-11-01 |
Genre | : Business & Economics |
ISBN | : 1513519492 |
How to prevent runs on open-end mutual funds? In recent years, markets have observed an innovation that changed the way open-end funds are priced. Alternative pricing rules (known as swing pricing) adjust funds’ net asset values to pass on funds’ trading costs to transacting shareholders. Using unique data on investor transactions in U.K. corporate bond funds, we show that swing pricing eliminates the first-mover advantage arising from the traditional pricing rule and significantly reduces redemptions during stress periods. The positive impact of alternative pricing rules on fund flows reverses in calm periods when costs associated with higher tracking error dominate the pricing effect.
Author | : Lee L. Gremillion |
Publisher | : National Investment Company Service Company |
Total Pages | : 375 |
Release | : 2001-01-01 |
Genre | : Mutual funds |
ISBN | : 9780970584502 |
Discusses the U. S. open-end mutual fund industry - its history, what fund companies do and what their management functions and issues are.
Author | : Lee Gremillion |
Publisher | : John Wiley & Sons |
Total Pages | : 295 |
Release | : 2012-06-22 |
Genre | : Business & Economics |
ISBN | : 1118428722 |
"The Mutual Fund Industry Handbook is a remarkably important work . . . I am profoundly impressed by the broad and comprehensive sweep of information and knowledge that this book makes available to industry participants, college and business school students, and anyone else with a serious interest in this industry." -- From the Foreword by John C. Bogle President, Bogle Financial Markets Research Center Founder and former chief executive, The Vanguard Group A Foreword by John C. Bogle, founder of The Vanguard Group and one of the most respected leaders in the mutual fund industry, sets the stage for this authoritative book that explains the complexities of the phenomenal industry in simple terms. Investors like the fact that mutual funds offer professional management, easy diversification, liquidity, convenience, a wide range of investment choices, and regulatory protection. Mutual Fund Industry Handbook touches on all of those features and focuses on the diverse functions performed in the day-to-day operations of the mutual fund industry. You'll learn about: Front-office functions-analysis, buying, and selling. Back-office functions, including settlement, custody, accounting, and reporting. Commission structures-front-end loads, back-end loads, or level loads. The various fund categories used by the Investment Company Institute, Morningstar, and Lipper. The roles played by fund managers, investment advisors, custodial banks, distributors, transfer agents, and other third-party service providers. If you want a definitive reference on the mutual fund industry, this is the book for you.
Author | : D. C. Corner |
Publisher | : Routledge |
Total Pages | : 266 |
Release | : 2019-07-23 |
Genre | : Political Science |
ISBN | : 1000308049 |
With the entry of the United Kingdom into the European Economic Community on 1 January 1973, the opportunity presented itself for a study of open-end investment funds in the enlarged Community. The resulting book, which in a way is a natural sequel to the study Investment and Unit Trusts in Britain and America. (Elek: London, 1968), in which Dr Corner collaborated with Mr H. Burton, has been a long time in preparation, simply because of the sheer volume of statistical material- in particular, consistent sets of reports and accounts of all the EEC and Swiss investment funds - which has had to be collected. As a result, some of the analysis is based on what will inevitably be somewhat dated material at the time of publication. Unfortunately this is a handicap suffered by all such statistical work, unless one has large financial and manpower resources. We have done our best to update certain key statistics wherever this has been possible.
Author | : Subhamoy Das |
Publisher | : Allied Publishers |
Total Pages | : 412 |
Release | : |
Genre | : |
ISBN | : 9788184244090 |
Author | : United States. Securities and Exchange Commission |
Publisher | : |
Total Pages | : 974 |
Release | : 1967 |
Genre | : Mutual funds |
ISBN | : |
Author | : United States. National Credit Union Administration |
Publisher | : |
Total Pages | : 164 |
Release | : 1974 |
Genre | : Banks and banking, Cooperative |
ISBN | : |
Author | : Gerald P. Dwyer |
Publisher | : DIANE Publishing |
Total Pages | : 52 |
Release | : 2010-08 |
Genre | : Business & Economics |
ISBN | : 1437928706 |
Explores how a relatively small amount of heterogeneous securities created turmoil in financial markets in much of the world in 2007 and 2008. The drivers of the financial turmoil and the financial crisis of 2008 were heterogeneous securities that were hard to value. These securities created concerns about counterparty risk and ultimately created substantial uncertainty. The problems spread in ways that were hard to see in advance. The run on prime money market funds in September 2008 and the effects on commercial paper were an important aspect of the crisis itself and are discussed in some detail. Charts and tables.
Author | : Christina E. Bannier |
Publisher | : |
Total Pages | : 44 |
Release | : 2016 |
Genre | : |
ISBN | : |
Open-end real estate funds are of particular importance in the German bank- dominated financial system. However, recently the German open-end fund industry came under severe distress which triggered a broad discussion of required regulatory interventions. This paper gives a detailed description of the institutional structure of these funds and of the events that led to the crisis. Furthermore, it applies recent banking theory to openend real estate funds in order to understand why the open-end fund structure was so prevalent in Germany. Based on these theoretical insights we evaluate the various policy recommendations that have been raised.
Author | : Irwin Friend |
Publisher | : McGraw-Hill Companies |
Total Pages | : 228 |
Release | : 1970 |
Genre | : Business & Economics |
ISBN | : |
"A Twentieth Century Fund study." Includes bibliographical references.