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7 Cards in this Set
- Front
- Back
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Personal trust
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An interest in an asset held by a trustee for the benefit for another person.
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Mutual fund
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A firm pooling and managing funds of investors.
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Endowment funds
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Portfolios operated for the benefit of a nonprofit entity.
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Liquidity
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Liquidity refers to the speed and ease with which an asset can be converted to cash.
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Investment horizon
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The planned liquidation date.
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Prudent investor rule
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The fiduciary responsibility of a professional investor.
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Asset universe
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Approved list of asset in which a portfolio manager may invest.
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