Download An Introduction to Mutual Funds Worldwide (Securities by Ray Russell PDF

By Ray Russell

This advisor 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 cash are defined and the diversities among the overseas markets, relatively united states, Europe and united kingdom are addressed.Written via profitable coach and advisor, Ray Russell, the fabric displays the expansion and value around the globe of mutual money as a method of making an investment in world wide fiscal improvement, even if to construct a fund for retirement or differently. Readers will achieve a simple appreciation of Mutual cash of their many types, advocating using the mutual fund as a wise, effective and finally worthwhile technique of funding. It covers the origins, goal, improvement, makes use of, operation and rules of mutual cash and attracts cognizance to similarities and ameliorations among significant jurisdictions, commenting on their certain gains and methods.

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E. new money) and of the number of accounts on fund registers (which are indicators of popularity) but these data are not available as readily as FUM or NAV. Development Whilst there have been scares and scandals, growth has been steady and sometimes spectacular, with funds under management worldwide now approaching US$18 trillion. In America alone, mutual funds are held today by an estimated 91 million individual investors, with nearly US$9 trillion in mutual fund shares and another US$½ trillion in other registered investment companies and trusts.

Strong performance of bull markets worldwide. Come the dawn of the new millennium, and bear market conditions gripped most of the world and lasted into 2003, since when a steady recovery has occurred. 5 trillion at the end of September 2002, 75% of which can be attributed to the USA. Other individual countries showed both positive and negative movements in US$ terms during this period but, of those showing a higher NAV at the end of 2002, only France, Ireland and Luxembourg of the major markets could boast continued year-on-year growth – most were below a peak reached in the first half of 2002.

Some mutual funds are designed to respond to particular risk requirements or appetites by holding specialised or ‘exotic’ investments. These could include: • companies operating in emerging markets – countries whose financial services industries are at an early stage of development; • companies dealing in commodities, such as gold or oil; • property, either directly or via holdings in property companies; • derivatives, such as futures and options. 6 PERFORMANCE STATISTICS Investors should routinely review the performance of their investment in a mutual fund; there are, however, some factors that need to be considered and understood, as regards both the preparation and the use of statistics.

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