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157 53715 EA418 2012 1 2 1 ch03
157 53715 EA418 2012 1 2 1 ch03
Chapter 3
Charles P. Jones, Investments: Analysis and
Management,
Tenth Edition, John Wiley & Sons
Prepared by
G.D. Koppenhaver, Iowa State University
3-1
Indirect Investing
3-2
Investment Companies
3-3
Company Types
3-4
Company Types
3-5
Company Types
3-6
Company Types
3-7
Mutual Fund Categories
3-8
Mutual Fund Categories
3-9
Equity Funds
3-10
Cost Considerations
3-11
Cost Considerations
3-12
Performance
3-13
International Funds
3-14
New Directions
Mutual fund “supermarkets”
Various mutual fund families can be
purchased through a single source
Brokerage account may provide access
“Supermarket” managers earn fee
Hedge Funds
Largely unregulated investment companies
available to private investors
May use leverage, strategies not available to
mutual fund managers
Substantial initial investment required
3-15