Explain why mutual fund managers face an inherent conflict in their roles as fiduciaries.
Question:
Explain why mutual fund managers face an inherent conflict in their roles as fiduciaries.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
Mutual fund managers act as fiduciaries which means they are legally obligated to act in the best interest of their clients the mutual fund investors ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Mutual Funds And Exchange Traded Funds Building Blocks To Wealth
ISBN: 9780190207434
1st Edition
Authors: H. Kent Baker, Greg Filbeck, Halil Kiymaz
Question Posted:
Students also viewed these Business questions
-
Change is a trait of life. In Today's business environment there's a lot of dynamic changes in Technology, Competition, markets, demands, customer expectations etc. Organizations should respond to...
-
What is the effect of cultural commoditization and transformation on local traditions and customs? Give an example. Check Chapter 4 in the textbook for information on cultural commoditization and...
-
write a abstract on this paper ? Introduction Governments require money to run their operations and pay civil servants who ensure that services to the population are delivered. The money that states...
-
Consider a set of documents. Assume that all documents have been normalized to have unit length of 1. What is the "shape" of a cluster that consists of all documents whose cosine similarity to a...
-
Using the following information, compute total current liabilities: Accrued Income Taxes Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,000 Notes Payable (due in 14 months) ....
-
What is a concurring partner review, and what is its purpose?
-
Washington Tennis & Education Foundation, Inc. (WTEF) is a nonprofit organization operating in the District of Columbia that provides athletic and academic programs for children from low-income...
-
Like most firms in its industry, Yeastime Bakeries uses a subjective risk assessment tool of its own design. The tool is a simple index by which projects are ranked by level of perceived risk on a...
-
Question 2 Consider a monopsonist with the following relationship between wage and labor: and the following production function w= a+bL f(K, L) = ln(L) + In(K) (3) (4) 1. Write the short run profit...
-
Discuss the relationship among fund performance, fees, size, and investor flows.
-
Describe the various types of fees and loads that mutual fund investors must pay.
-
A function \(f\left(x_{1}, x_{2} ight)\) of two variables \(x_{1}\) and \(x_{2}\) is given by a. Multiply the matrices and express \(f\) as a polynomial in \(x_{1}\) and \(x_{2}\). b. Determine the...
-
Ali is hoping to invest in project, but he is not sure which project gives him the best return. The first one he is hoping to invest RM500,000 and he expect to earn a return of RM150,000, RM200,00,...
-
4.4 Given the expression for the area of a circle, A = r, and using only uniformly distributed random variates, devise a sampling approach for computing . 4.5 Rearrange the logistic function 1 =...
-
The inflation rates in the U.S. and France in January 1991 were expected to be 4% per annum and 7% per annum, respectively. If the current spot rate that day was $.1050, then the expected spot rate...
-
The Maurer Company has a long-term debt ratio of 42 and a current ratio of 1.40. Current liabilities are $980, sales are $6,400, profit margin is 9.5 percent, and ROE is 20.3 percent. What is the...
-
A tenant of a shop wants to extend the current lease to 15 years with five-year upward-only rent reviews. The current lease has two years unexpired at a rent of 40,000 per annum. The market rent is...
-
Elfen Company has just received the October 31, 2014, bank statement, which is summarized below. The general ledger Cash account contained the following entries for the month of October. Deposits in...
-
The water in tank A is at 270 F with quality of 10% and mass 1 lbm. It is connected to a piston/cylinder holding constant pressure of 40 psia initially with 1 lbm water at 700 F. The valve is opened,...
-
What is an accounting system and what is the primary objective of such t system?
-
What do we mean when we say that an accounting system needs to be cost-effective?
-
What are the- three basic functions of every accounting -system?
-
Assume you are starting an online subscription based business. Answer all three questions. a. What does an annual "churn" rate of 8% mean and why is it important to you? (1 point) b. What is a...
-
Based on the potential benefits of increased transparency, comparability, and investor confidence, it is strongly recommended to converge to IFRS. However, the company must be prepared for the...
-
Plan to deliver a presentation to senior management to explain and gain support for your workforce planning and your completed staffing action plan. Ensure your presentation: a. exemplifies...
Study smarter with the SolutionInn App