Fund Form Should Match Function
Misunderstanding how a fund works is a recipe for unhappiness
Most NN readers know that investment funds vary widely in what and where they invest, like stocks or bonds, and how those securities are selected. But many are likely not aware of the varied legal forms the investment funds themselves can take, or what purpose each serves.
This NN will look at the five most prominent fund forms in terms of organization. While mutual funds hold more than five times the assets of the other four types combined, the total held…Read more…
