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7 Cards in this Set
- Front
- Back
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mutual fund
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a type of financial services organization that receives money from a pool of shareholders and then invests those funds in a portfolio of securities
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investors buy their shares from, and sell them back to, the mutual fund itself
There is never any trading of shares between individuals |
open end investment company
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calculated once a day a represents the underlying value of a share of stock in a particular mutual fund
total market value of all assets/ # of shares outstanding |
net asset value
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operate with a fixed number of shares outstanding and do not regularly issue new shares of stock
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closed end investment companies
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a type of open end fund that trades as a listed security on one of the stock exchanges
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exchange traded fund (ETF)
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a mutual fund that charges a commission when shares are bought
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load fund
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levies no sales charges
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no load fund
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