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An overview of mutual funds, including how they operate, their advantages and disadvantages, types, costs, and sources of information. It also covers the process of purchasing mutual funds and the different types of returns investors can expect.
Typology: Slides
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With reinvestment of all distributions, total return includes the
share increase and the increased number of shares Total return =^ (No. of ending shares x ending price)
Buy through a financial services broker, banker, planner - Probably a load - Buy directly from the mutual fund - - No load - 1 ‐ 800… - Internet
What is a mutual fund and how does it operate?
Mutual fund advantages and disadvantages - Types of investment companies - Open and closed end mutual funds - Unit investment trusts - REITs
Costs of owning a mutual fund
Loads ‐‐ front ‐ end and back ‐ end - Fees ‐‐ management and 12b ‐ 1 - Understand fund objectives and categories - Understand fund services
