文档介绍：Prepared by
Ken Hartviksen
INTRODUCTION TO CORPORATE FINANCE Laurence Booth • W. Sean Cleary Mutual Funds
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Mutual Funds
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Lecture Agenda
Learning Objectives
Important Terms
Where can Mutual Funds be Purchased?
Who can sell mutual funds?
What is a Mutual Fund?
Legal Structures of Mutual Funds
The Mutual plex
Management Fees
Advantages and Disadvantages of Mutual Funds
Segregated Funds
Summary
Conclusions
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Mutual Funds
Learning Objectives
To describe mutual anizations
To identify the advantages and disadvantage of investing in mutual funds
To understand the costs associated with investing in mutual funds
To understand the differences between segregated funds and mutual funds.
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Mutual Funds
Important Terms
Closed end Fund
Mutual Fund
Management Expense Ratio (MER)
Net Asset Value per Share (NAVPS)
Open-end Fund
Segregated Fund
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Mutual Funds
Where can Mutual Funds Be Purchased?
Mutual funds are sold by most financial institutions:
Credit unions (ethical funds)
Banks
panies
panies
Brokerage Houses
panies
Independent Mutual Fund Dealers
You can usually set up a regular savings plan through your own financial institution…saving as little as $ per month.
You can invest in mutual funds outside or inside your RRSP.
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Mutual Funds
Who Can Sell Mutual Funds?
anization that markets (sells) mutual funds must be licensed in the province where it offers these products.
In addition, the person working for the anization must also be licensed under either:
MFDA (Mutual Fund Dealers Association)
IDA (Investment Dealers Association)
In order to qualify for licensin