What change in regulatory guidelines occurred in 2009 that had the primary purpose of giving investors a better understanding of the risks and objectives of a mutual fund?
Answer to relevant QuestionsHow is the net asset value (NAV) of a mutual fund deter-mined? What is meant by the term marked-to-market daily?Who are the primary regulators of the mutual fund industry? How do their regulatory goals differ from those of other types of financial institutions?An investor purchases a mutual fund for $ 50. The fund pays dividends of $ 1.50, distributes a capital gain of $ 2, and charges a fee of $ 2 when the fund is sold one year later for $ 52.50. What is the net rate of return ...Describe the difference between an insured pension fund and a noninsured pension fund. What type of financial institutions would administer each of these?How do the financial asset holdings of defined benefit pension funds differ from those of defined contribution pension funds? Explain the differences.
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