October 2008

SEC Intervenes in Sales of Open-End Shares

October 31, 2008

Imply a percentage return on the investment in the shares of investment companies, except when the rate of return is expressed as a ratio of dividends paid from net investment income and adjustment has been made for capital gains distributions.

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Discounts and the Use of Company Assets

October 27, 2008

Perhaps oddly, general “feelings” surrounding the stock market, such as positivism and pessimism, tend to have a measurable effect on the value of stocks. A general peculiarity is that, in the past, the discount at which closed-end-company shares sold has generally been larger at low levels of the stock market.

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Integrating Formula Plans Into Your Portfolio

October 24, 2008

The essence of such plans is that the investment pool shall at all times consist of two portions\emdash a defensive pool consisting of securities having relatively small price fluctuations (high-grade bonds and preferred stocks) and an aggressive pool made up of securities having considerable price volatility (mainly common stocks). As security prices rise, the defensive […]

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Keeping Cash Ready at Hand

October 22, 2008

A repurchasing agreement between an investor and an open-ended company can, under some circumstances, act as a pool of cash from which the investor can draw funds when needed. Unfortunately, open-end companies have no guarantees like those of the Federal banks.

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The Role of Economists in Investment Research

October 20, 2008

Investment companies use a number of different ways to cut the costs of research, and these cost cutting measures are becoming increasingly popular. One group of investment companies uses the services of a company that serves all the funds in the group. Another investment company has, for some years, employed an advisory council to make […]

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Using The Prospectus To Determine Net Asset

October 17, 2008

The precise method of determining the net asset value of each share of stock and its offering price is often set forth clearly in the prospectus of management companies. Bid and asked prices are shown. The fact that management-company shares are sold continuously has produced a unique selling mechanism.

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What Types Of Funds Deserve Your Money?

October 13, 2008

As a result of the division of investment companies into those whose prime object is income and those that stress capital gains, investors have perplexing problems of choice. “Growth funds” have become the popular designation of those whose policy emphasizes investment in stocks promising the greatest capital appreciation.

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Historical Fluctuations Of Common Stocks And Pension Funds

October 10, 2008

Institutional Shareholders Mutual Fund, Incorporated, which invests in common stocks, is owned by New York State mutual savings banks. Besides changes in the law, the long-term record of common stocks and the inflationary tendencies prevailing during the 1950s induced managers of college endowment funds and pension funds to invest in common stocks.

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An Introduction To Investment Accumulation Plans

October 8, 2008

Among the several services offered to investors by most holding companies, one of increasing popularity is the accumulation plan. Through the Monthly Investment Plan of the New York Stock Exchange, investors have a similar opportunity for accumulation of shares of a number of closed-end companies.

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An Explanation of the Investment Company Act

October 6, 2008

The Investment Company Act of 1940 makes companies responsible for the way they conduct investment business, giving them oversight and ensuring they operate under a series of rules. Holding company proxy solicitation is subject to Commission regulation.

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