In my efforts to get funds I have had some experiences that may be of interest to my readers.
In the city of Boston I have rarely called upon an individual for funds that I have not been thanked for calling, usually before I could get an opportunity to thank the donor for the money.
We were in great distress because of lack of funds, and the nervous strain was tremendous.
The effort to secure help from the Slater and Peabody Funds brought me into contact with two rare men--men who have had much to do in shaping the policy for the education of the Negro.
THE SEC HAS PROPOSED A NEW RULE that generally would require all mutual fund
trades to be placed by a "hard 4 p.
Generally, the more tax efficient a fund
is, the less current income a shareholder recognizes.
Spitzer, who launched the first mutual fund
investigations in early September, has been quoted saying the scandal is bigger than just "excising a few bad apples from the industry," suggesting that improper short-term trading may have skimmed more than $4 billion a year from investors.
That is, all the buy orders and sell orders for a mutual fund
for an entire trading day are executed at the net asset value calculated at the normal close of business of the New York Stock Exchange, 4:00 p.
Marvin Blickenstaff's many contributions to the field of piano performance and pedagogy are recognized by the establishment of this fund
by his many friends and colleagues.
Getting hedge fund
managers to share detailed information on their portfolio positions was an arduous task.
Other hot equity funds
include Citizens Emerging Growth Fund
(with a five-year average annual return of 18.
For example, an index fund
that tracks the S&P 500 would buy shares in all the companies of the index.
For most of us who lack the time or the inclination to study the stock market, there is something comforting about the notion that a professional fund
manager is, in essence, making decisions on our behalf.
A hedge fund
might not exhibit all these characteristics all the tiem, and other financial institutions also exhibit many of these characteristics.
The Board of Trustees have approved in principle plans to merge five tax-exempt closed-end Funds
as follows: Putnam Investment Grade Municipal Trust (NYSE: PGM) and Putnam Municipal Bond Fund
(NYSE: PMG) would be merged into Putnam Municipal Opportunities Trust (NYSE: PMO), and Putnam High Yield Municipal Trust (NYSE: PYM) would be merged into Putnam Managed Municipal Income Trust (NYSE: PMM).