Many investment advisers serving mutual funds have been accused of fraud, and the SEC has issued a wave of new rules aimed at safeguarding shareholder investments.
Open-end investment companies, commonly known as mutual funds, do not issue shares in their funds for resale to other potential shareholders.
In addition, many of the gains recognized by funds
with high turnover rates are likely to be short-term rather than long-term and, thus, not eligible for the preferential capital gains rate.
While the scandal concerns him, Perkins feels there are few choices for most individual investors other than mutual funds
financial system, mutual funds
had been almost entirely spared the bad headlines and lawsuits--that is, until September 2003, when New York State Attorney General Eliot Spitzer revealed that a number of mutual funds
were ignoring, or worse, facilitating, illegal or questionable trading by certain individuals and investment institutions, including hedge funds
This endowment provides funds
for Teacher Enrichment Grants and other programs and awards.
As an asset class, hedge funds
outperformed all others during 2000.
A look at the last five years reveals social mutual funds
that have not only beaten the market, but most of their peers as well.
that don't track an index, or actively-managed funds
, average about 1 percent a year in expenses that customers pay, said Russell Kinnel, head of equity fund
research at Morningstar, a mutual fund
rating agency in Chicago.
57--and poised, after a lull, to make its next great surge--there were 1,246 mutual funds
Indeed, it is important to recognize that the activities of hedge funds
are not fundamentally different from those of many other institutions.
Mergers of Three Closed-End Funds
into Open-End Funds
SINCE HEDGE FUNDS
ARE NOT RIGHT FOR EVERYONE, CPAs should gain some understanding of these complex funds
and how they work before recommending clients invest money in them.
In a stock market that has bucked as hard as the orneriest bronco, the Oakwood, Texas, cowboy developed a rock-solid strategy: corralling a diversified mix of mutual funds
that can ride out the peaks and dips in the market.
For many folks, wading into investment waters for the first time means dipping their toes into the world of mutual funds