Glossary Mutual Funds
Posted on Nov 24, 2000 08:15:27 AM
Agent unit investment trust – a legal person carrying out work on placement and redemption of investment fund units based on the agency contract entered into with the management company, powers of attorney and the rules of the fund.
Mutual fund assets – assets included in mutual fund, which consists of financial investments (securities), cash, accounts receivable. Assets include:
The auditor unit investment trust – a legal entity licensed to operate in the field of auditing of stock exchanges, extra-budgetary funds and investment institutions and entered into an agreement with the management company investment fund to audit the fund.
Book value – the value of assets and liabilities of the fund is reflected in the accounting and balance sheet in a separate fund.
Owner units – physical or juridical person against whom the register of holders of investment fund shares been recorded on the number of its own investment units.
Redemption of investment units – sales of investment fund shares, in a manner prescribed by rules of the fund.
Depository activity – the provision of services for the storage of securities certificates and / or registration and transfer of rights to securities.
Trust Agreement mutual funds – a form of collective investment funds in which many investors invested a professional manager (management company).
Closed-end mutual fund – the fund, whose shares after the IPO address, ie, bought and sold on the stock exchange at a price determined by supply and demand for them.
The application for redemption of investment units – a document issued in accordance with Annex to the rules of the fund, and demanded for redemption of a certain number of investment units.
Application for acquisition of investment units – a document issued in accordance with Annex to the rules of the fund, and containing the acceptance of an offer of placement of units described in the text of the rules of the fund.
Investment Fund Declaration – the restrictions on investment targets and investment strategy outlined in the rules of mutual fund.
Investment share – just a security certifying the right of the owner to require redemption of the management company owned by his investment unit in accordance with the rules of the fund.
Mutual fund investor – a person who carries out in accordance with the rules of the fund payment for the purchased investment units, pay-in account which is not entered in the register of holders of investment fund units.
redemption value of the fund, the company, the person usually share,- Investments in mutual funds How to become a shareholder
- How the Mutual Fund
- The choice of mutual fund
- Types of investment funds
- Results for mutual fund