...[pic] Bangladesh being a developing country, security market is very important source for the growth and development of the industrial section. SEC is working for a healthy economic capital, active administrated securities market. But BSEC it self is not smooth & efficient. There are few problems has been arise after it established. BSEC is working on some new projects and plans. SEC introduce an online database called EDGAR from which investors can access this and other information filed with the agency. In the same online system also takes tips and complaints from investors to help the BSEC track down violators of the securities laws. Apart from the macro policy of contributing to the development of the national economy through harmonization with monetary policy, securities policy dealing with securities houses and markets, generally pursue three broad objectives- Firstly, to improve the efficiency of securities market. Secondly, to ensure the stability and soundness of the financial system. Thirdly, to protect investors rights. In this paper we have shown the history of the organization, in the second section we have shown different functions done by the BSEC, in the third chapter shown types of stock exchange, registered under the BSEC. In the fourth and fifth section we have tried to discuss the different departments of the BSEC and effects of BSEC on the capital market. In the sixth section we have discussed registration and rules & regulation imposed...
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...about the products of the company and their position in the market. The Mutual fund is one of them who are performing their works very effectively. As we are the students of BBA department, we have to learn about the mutual fund investment system analysis of a firm. That’s why we have decided to analysis on mutual fund that renown in the world. 1.1 Origin of the Report This report is a part of “Investment Management” course under the BBA curriculum. As we are the students of BBA department, we have to learn about the financial system analysis of financial firms. That’s why we have decided to analysis on mutual fund. 1.2 Objectives • To improve our knowledge • To make us experienced • To develop our skill. • To provide brief information about our analysis 1.3 Problem and Purpose 1.3.1 Problem Statement This report seeks to address the following requirement: “To study about the mutual fund, its overall process analysis followed by firm. 1.3.2 Purpose of the Report The objective of the report is- “To acquire the practical knowledge of Mutual fund analysis followed by the firm. 1.4 Scope and Limitation 1.4.1 Scope This paper includes financial system in Bangladesh. Then Structure of Financial System, History of Bangladesh Capital Market, mutual funds, types of mutual fund schemes, set up of mutual fund, invest in mutual fund and rights of a mutual funds holder. • Our time was short • We are not experienced •...
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...Report On “Mutual Funds and their role in portfolio management” Submitted in partial fulfillment of the requirement of Certification Course in Capital and Financial Markets Submitted by: Name: Karthik L.Reddy Roll No. 5 OCPCFM Batch June 2012 Under the Guidance of: Dr. J. Symss Indian Institute of Foreign Trade New Delhi 1 INDEX Serial No. 1 2 Executive summary Objectives Introduction Advantages and Disadvantages Types of Funds Managing a portfolio of funds MF industry in India Topic Page Numbers 4 5 6 9 12 15 21 26 27 28 4 Chapters 5 6 7 Conclusion References Appendix 2 APPENDIX Appendix No. Appendix 1 Appendix 2 Appendix 3 Description Major MF Companies in India and Top Funds Introduction to AMF India Knowing the Prospectus Page Numbers 28 31 33 3 EXECUTIVE SUMMARY This report – “Mutual Funds and their role in portfolio management” would help the readers take advantage of an excellent investment vehicle: mutual funds — the best of which offer you diversification, which reduces your risks, and low-cost access to outstanding money managers, who boost your returns. The topic has been chosen to provide a detailed introduction to the world of mutual funds along with the jargon associated with it, the various types of mutual funds available in today’s market. Mutual funds play a vital role in any investment portfolio. So managing a portfolio of funds becomes very critical for any investor – small or big, short-term or long-term...
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...BMO Canadian Equity Class Reasons to Invest in the Fund • A combination of dividends and growth investments will provide the greatest overall return • The growth potential you need from equities with the security and stability of large Canadian companies • A portfolio of some of the largest and most successful companies in Canada • Provides a great foundation for your investment portfolio • Over two decades successfully managing money for investors Top Holdings as of 31/12/2015 Growth of $10,000 as of 31/12/2015 Holdings % Toronto-Dominion Bank Canadian National Railway Co Manulife Financial Corp Bank of Nova Scotia Canadian Natural Resources Ltd Alimentation Couche-Tard Inc CGI Group Inc Intact Financial Corp Brookfield Asset Management Inc Franco-Nevada Corp Top Holdings (% of Portfolio) Total Portfolio Holdings 7.7 6.0 4.7 4.3 4.0 3.7 3.7 3.4 3.3 3.3 44.1 40 $22,000 $20,000 $18,644 $18,000 $16,000 $14,000 $12,000 $10,000 Sep04 1 mo 3 mos 6 mos YTD 1 yr 2 yr 3 yr 5 yr 10 yr -4.5% -2.7% -2.7% 2.6% 8.1% 3.7% 3.9% Sep10 Sep12 Sep14 ■■Canadian Equity ■■United States Equity ■■Cash & Equivalents ■■Other 89.0% 9.6% 1.8% -0.4% SI 0.0% Sep08 Asset Allocation as of 31/12/2015 Annual Compound Returns as of 31/12/2015 -3.5% Sep06 5.7% Calendar Year Returns as of 31/12/2015 2015 2014 2013 2012 2011 2010 2009 -2.7% ...
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...Chapter 4- Mutual Funds and Other Investment Companies Why buy mutual fund: people are lazy if you are trading stocks you have to give basis data for transactions you make for takes but with a mutual fund they do it for you. Diversification ** an individual investor choosing a mutual fund should consider not only the fund’s stated investment policy and past performance, but also management fees and expenses.** 4.1 INVESTMENT COMPANIES Investment Companies do the following tasks: WHY MUTUAL FUNDS?? • Administration & record keeping (people don’t want to do it themselves) • Diversification & divisibility (diversified portfolio) • Professional management • Reduced transaction costs Investment Companies: Net Asset Value (the value of each share) What determines share price NAV!! • Net Asset Value ' Any fund totals up all the shares does the calculation and generates an NAV ' One time per day ' Used as a basis for valuation of investment company shares ' Selling new shares cash goes in ' Redeeming existing shares (liquidate stocks and send you cash back) cash goes out ' They can keep printing more shares Calculation: Market Value of Assets - Liabilities Shares Outstanding 4.2 TYPES OF INVESTMENT COMPANIES: Investment companies: either Units of trust or managed investment companies Unit Trusts: subset of investment company...
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...accountants and bankers, are often involved in carrying out professional services during the incorporation of the company. They are not regarded as promoters if they act purely in their professional capacity in the ordinary course of their profession. o Active promoters – Twycross v Grant Any person who is actively involved, either playing a minor or central role, in organising the formation of a company falls within the definition of promoter. Typical activities associated with promoters – Negotiation of preliminary agreements Preparation of company’s constitution Identifying prospective directors and shareholders Preparation of the company’s fundraising documents (e.g. an offer info statement or profile statement or prospectus) Raising capital, either before or after incorporation Payment of registration fees; and Registration f the company with ASIC. o Passive promoters – Tracey Mandalay Also extends to people who are not directly responsible for incorporation; includes inactive persons who play a passive role in forming the company if they agree to share in the profits arising from the established company. Persons who leave it to others to get up the company upon the understanding that they also will profit from the operation may become promoters. Promoter’s fiduciary duties and liabilities...
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...management without real-world risk. Students are required to design a trading strategy (including security selection), implement the strategy (execute the trades), and evaluate the performance of the portfolio. The trading platform for the project is the Virtual Stock Exchange at http://www.marketwatch.com/game/ (or www.marketwatch.com/game/patriotfinance2016). Password: patriotFinance2016. The Scenario You are beginning your new job with Patriot Investment Strategies, a mutual fund family managing approximately $50 billion in assets. Patriot has a variety of funds with various objectives. You and two or three of your associates, as a group, have been asked by management to create and manage a new fund based on your own ideas, benchmarking the performance of the fund against an existing index. You have learned that the other forty new associates at Patriot have received similar assignments, and that the performance of each fund will be evaluated by management six weeks after the inception of each fund. Management has indicated that, although, the fund’s total return as measured against the chosen benchmark is certainly important, due to the short time horizon, the novelty and effectiveness of your investment strategy may be even more important in making you stand-out as the next star money manager of the firm (and the recipient of the biggest year-end bonus). Trading Period: • For...
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...Administration Financial Management-Fall 14088 Mutual Funds, Types, Classifications, Risks, Expenses and Performance in Egypt Supervised By Dr. Ahmed Bahaa Presented by: Yasser Hassan El Sayed Oct 19, 2014 DrAhmedBahaa-ESLSCA-FM-45A-Yasser Hassan El Sayed - Mutual Funds Assignment Page |1 Table of Contents TABLE OF CONTENTS ............................................................................................................................................1 1) WHAT IS A MUTUAL FUND? ................................................................................................................................2 1.1. 1.2. 1.3. 2) WHAT IT IS? ...................................................................................................................................................2 WHY WE INVEST IN MUTUAL FUNDS?...................................................................................................................2 OBJECTIVES OF MUTUAL FUNDS? ........................................................................................................................3 MUTUAL FUNDS TYPES........................................................................................................................................3 2.1. 2.2. OPEN-END FUNDS............................................................................................................................................3 CLOSED-END FUNDS ..................................................
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...DII5018 - INTRODUCTION TO INVESTMENT DA 9 - 10 “TERMS & DEFINITIONS” |NAME |ID :1111111 | |No. |TERMS |DEFINITIONS | |1 |Annuity |A fixed sum of money paid to someone each year, typically for the rest of their life. | |2 |Beta |The sensitivity of the asset's returns to market returns, its non-diversifiable risk, its systematic | | | |risk, or market risk. | |3 |Bonds |A bond is a negotiable certificate that acknowledges the indebtedness of the bond issuer to the holder. | |4 |Broker |A person who buys and sells goods or assets for others. | |5 |Call premium |The dollar amount that a buyer has to pay the writer (seller) for the right to buy a particular stock | |6 |Call price |The price, specified at issuance, at which the issuer of a bond may retire part of the bond at a | | | |specified call date. ...
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.........................................9 What are various Short-term financial options available for investment?.............9 What are various Long-term financial o ptions available for investment?............10 What is meant by a Stock Exchange?................................................................................11 What is an ‘Equity’/Share?......................................................................................................11 What is a ‘Debt Instrument’?.................................................................................................12 What is a Derivative?................................................................................................................12 What is a Mutual Fund?............................................................................................................12 What is an...
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...Retirement Advisor Variable Annuity: An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. 3. Risk tolerance: The degree of variability in investment returns that an individual is willing to withstand. Risk tolerance is an important component in investing. An individual should have a realistic understanding of his or her ability and willingness to stomach large swings in the value of his or her investments. Investors who take on too much risk may panic and sell at the wrong time. 4. Annuities: A financial product sold by financial institutions that is designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time. Annuities are primarily used as a means of securing a steady cash flow for an individual during their retirement years. 5. Money markets: A segment of the financial market in which financial instruments with high liquidity and very short maturities are traded. The money market is used by participants as a means for borrowing and lending in the short term, from several days to just under a year. Money market securities consist of negotiable certificates of deposit (CDs), bankers acceptances, U.S. Treasury bills, commercial paper, municipal notes,...
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...Mutual funds: The first mutual funds were established in Europe. One researcher credits a Dutch merchant with creating the first mutual fund in 1774.[5] The first mutual fund outside the Netherlands was the Foreign & Colonial Government Trust, which was established in London in 1868. It is now the Foreign & Colonial Investment Trust and trades on the London stock exchange.[6] Mutual funds were introduced into the United States in the 1890s.[7] They became popular during the 1920s. These early funds were generally of the closed-end type with a fixed number of shares which often traded at prices above the value of the portfolio.[8] The first open-end mutual fund with redeemable shares was established on March 21, 1924. This fund, the Massachusetts Investors Trust, is now part of the MFS family of funds. However, closed-end funds remained more popular than open-end funds throughout the 1920s. By 1929, open-end funds accounted for only 5% of the industry's $27 billion in total assets.[9] After the stock market crash of 1929, Congress passed a series of acts regulating the securities markets in general and mutual funds in particular. The Securities Act of 1933 requires that all investments sold to the public, including mutual funds, be registered with the Securities and Exchange Commission and that they provide prospective investors with a prospectus that discloses essential facts about the investment. The Securities and Exchange Act of 1934 requires that issuers of securities...
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...constantly being reconsidered and old certainties questioned. Accounting has been evolving with the development of advancements and setbacks of society. The SEC has to constantly reevaluate their accounting policies due to past events and changes from various economic and financial crises. The complexities and debates that arise from the causes of a financial crisis result in revisions to accounting regulations and standards that seem to be quickly implemented in order to prevent future disasters. THE SECURITIES ACTS OF 1933 AND 1934 The Securities Act was Congress' opening shot in the war on securities fraud with Congress primarily targeting the issuers of securities. Companies which issue securities (issuers) seek to raise money to fund new projects or investments or to expand; thus, companies have an incentive to present the company and its plans in the rosiest light possible. The Securities Act serves the dual purpose of ensuring that issuers selling securities to the public disclose material information to investors, and that any securities transactions are not based on fraudulent information or practices. In this context, "material" means information that would affect a reasonable investor's evaluation of the company's stock. The goal is to provide investors with accurate information so that they can make informed investment decisions. The Securities Act effectuates disclosure through a mandatory...
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...Hedge Funds 1. Hedge Funds Versus Mutual Funds Mutual funds are regulated under the SEC Act 1933 and the Investment Company Act of 1940 and they must invest according to the stated goals in the prospectus. They are adjured to avoid ‘style drift.’ Hedge funds are not open to the general public. The primary investors are institutional investors but they are open to high net worth individuals. Most require minimum investments of $250,000, some go up to $1,000,000. A few now have a minimum investment of $25,000, but we will have to wait and see what kind of shakeout occurs after the financial crisis. The following table provides a summary of the differences between hedge funds and mutual funds. Characteristic | Mutual Funds | Hedge Funds | Transparency | Public info on portfolio composition | Info provided only to investors | Investors | Unlimited | < 100, high dollar minimums | Strategies | Must adhere to prospectus, limited short selling & leverage, limited derivatives usage | No limitations | Liquidity | Redeem shares on demand | Multiple year lock up periods typical | Fees | Fixed percentage of assets; typically 0.5% to 2% | Fixed percentage of assets; typically 1% to 2% plus incentive fee = 20% of gains above threshold return | Notes to the table: Some mutual funds can engage in short selling, but not to the extent that hedge funds can. The lock up period employed by some hedge funds allows the funds to invest in less liquid assets...
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...Handbook on Basics of Financial Markets NATIONAL STOCK EXCHANGE OF INDIA LIMITED Basics of Financial Markets What is Investment? The money you earn is partly spent and the rest saved for meeting future expenses. Instead of keeping the savings idle you may like to use savings in order to get return on it in the future. This is called Investment. Why should one invest? One needs to invest to: earn return on your idle resources generate a specified sum of money for a specific goal in life make a provision for an uncertain future One of the important reasons why one needs to invest wisely is to meet the cost of Inflation. Inflation is the rate at which the cost of living increases. The cost of living is simply what it costs to buy the goods and services you need to live. Inflation causes money to lose value because it will not buy the same amount of a good or a service in the future as it does now or did in the past. For example, if there was a 6% inflation rate for the next 20 years, a Rs. 100 purchase today would cost Rs. 321 in 20 years. This is why it is important to consider inflation as a factor in any long-term investment strategy. Remember to look at an investment’s ‘real’ rate of return, which is the return after inflation. The aim of investments should be to provide a return above the inflation rate to ensure that the investment does not decrease in value. For example, if the annual inflation rate is 6%, then the investment will need to earn more than 6% to ensure it increases...
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