The recent mutual fund trading scandals, however, have changed that perception.
As fiduciaries, investment advisers should understand not only how the fund trading scandals operated, but the effects of the resulting investigations and regulations on the mutual fund investments they recommend.
As was mentioned, a fund's tax efficiency is not an issue when selecting mutual funds for retirement account assets.
Tax advisers with clients who want to minimize taxes through mutual fund investments might recommend such funds.
NASD officials say market timing drives mutual fund
costs up and waters down profits for those investing long term.
What takes the matter from sheer sloppiness to possible discouraging fraud is when the fund
ignores its policies and actively facilitates market timing, often for a quid pro quo.
John Cogswell of Goodland, Kansas, have established the Marjorie Means Cogswell Endowment Fund
for financing Teacher Enrichment Grants.
The benchmarking issues that once deterred many institutions from embracing hedge funds
are slowly being swept away, thanks to new indices from Hedge Fund
Research, Goldman, Sachs & Co.
85 percent, is of special interest because the fund
manager donates all profits to nonprofit environmental advocacy organizations.
An index fund
is cheaper to operate because a computer buys and sells according to changes in the index.
But how could middle-class investors know which fund
A few fund
families, therefore, have capital comparable to or exceeding that of some large U.
Each of the plans of merger described above is subject to the approval of Fund
shareholders and certain other conditions.
This adds to the considerable risks hedge fund
For balance," says Reading, "Guy's portfolio holds Vanguard Value Index Fund
(VIVAX), which holds the low-priced value stocks in the [Standard & Poor's 500-stock index].