Ifse cifc unit 6 - Study guides, Class notes & Summaries

IFSE - CIFC - Unit 5 Questions and Answers Graded A Mutual Funds Investments that hold a collection of different securities such as equities and bonds. Holdings Collectively, the securities in a mutual fund The 3 main investment objectives 1. Safety of Principal 2. Income 3. Growth Safety of Principal Strive to protect investors from losing any of their original investment. Investors expect to get back at a minimum the amount of money they put into the investment. Income Provide investors wi...

Where and when was the first mutual fund created? - ANS - Netherlands late 1700s After the Netherlands, to which countries did mutual funds spread? - ANS - England, France, USA (1800s) When was the first open-end mutual fund created in the USA? - ANS - 1924 When was the first Canadian mutual fund established (CI Canadian Investment Fund)? - ANS - 1932 Which years in mutual fund history had huge economic downturns? - ANS - 2002 and 2008 Closed-end Mutual Fund - ANS - Fund with a set number ...

Where and when was the first mutual fund created? - ANS - Netherlands late 1700s After the Netherlands, to which countries did mutual funds spread? - ANS - England, France, USA (1800s) When was the first open-end mutual fund created in the USA? - ANS - 1924 When was the first Canadian mutual fund established (CI Canadian Investment Fund)? - ANS - 1932 Which years in mutual fund history had huge economic downturns? - ANS - 2002 and 2008 Closed-end Mutual Fund - ANS - Fund with a set number ...