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WHAT ARE FUNDS?
They are pooled investments
(or collective investment schemes) -
Many investors pool their
resources in order to achieve certain investment advantages
- this is the common
thread in all types of fund
The cash subscribed by investors
is invested in the type of securities necessary to achieve the published
investment objectives of the particular fund
Funds may be classified in many ways
but the single most important distinction is between open-end and
closed-end funds
Fundaccount.com is a completely independent
Web site and is a good source of information on all kinds of funds
it promotes a commonsense approach to investing that seeks to minimize
expenses and maximize returns for private investors. If you have an
interest in particular type of fund however esoteric and cannot find
structural details on this web site please e-mail the editor?
