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Explain the primary structures of mutual funds mentioned in the text.
Explain the primary structures of mutual funds mentioned in the text.
The primary structures of mutual funds are open-end funds, closed-end funds, and unit investment trusts.
What are the advantages of investing in mutual funds compared to direct investing in individual securities?
What are the advantages of investing in mutual funds compared to direct investing in individual securities?
The advantages of mutual funds include economies of scale, diversification, liquidity, and professional management.
List some countries where the term 'mutual fund' is commonly used and name a similar structure in Europe and the UK.
List some countries where the term 'mutual fund' is commonly used and name a similar structure in Europe and the UK.
The term 'mutual fund' is commonly used in the United States, Canada, and India. A similar structure in Europe is the SICAV (investment company with variable capital), and in the UK, it is the open-ended investment company (OEIC).
What are index funds and actively managed funds in the context of mutual funds?
What are index funds and actively managed funds in the context of mutual funds?
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What are the principal categories of investments for mutual funds mentioned in the text?
What are the principal categories of investments for mutual funds mentioned in the text?
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