資本市場(chǎng)和金融機(jī)構(gòu)(2)-wenkub
2023-05-24 22:51:07 本頁(yè)面
【正文】 , 4 6 6 $ 3 3 9 $ 1 5 2 $ 5 9 6$315$534$718$611$413 $351 $ 9 9 $ 1 , 0 5 0 $ 3 1 4 $ 5 6$145$411$183$331 $ 4 1 3$562 $ 2 , 5 2 2 $ 1 4 4 $ 7 4 7 $ 2 9 $ 1 , 7 1 9 $ 5 , 9 3 6 $ 1 9 4$259$646$21 $ 2 , 3 5 6A p r2021M a y2021J u n2021J u l2021A u g2021S e p2021O c t2021N o v2021D e c2021Jan2021F e b2021M a r2021A p r2021LongTerm StandAlone Funds Fundof Funds Source: The Investment Funds Institute of Canada 6 1. MUTAL FUNDS What is a Mutual Fund? ? A MF is a separate, legally incorporated, equityfinanced investment vehicle managed by an asset manager for the benefit of the equity investors. ? A MF pools the resources of many small investors by selling them shares and using the proceeds to invest in securities (., stocks, bonds, options, futures, currencies, or money market securities. ) 7 Mutual Funds Fund Parent Co. Dec ’04 Assets ($billions) 1 IGM Financial (Investors, Mackenzie Financial) Power Corp of Canada 2 RBC Asset Management Inc Royal Bank 3 . Mutual Funds Inc. Independent 4 Aim Trimark Investments AMVESCAP PLC, . 5 CIBC Asset Management CIBC 6 TD Asset Management Group TD Canada Trust 7 Fidelity Investment Canada Ltd Fidelity Investments, . 8 AGF Management Limited Independent 9 Franklin Templeton Investments Franklin Templeton Inv. US 10 BMO Investments Inc. Bank of Montreal Total Assets Big Six Banks subsidiaries. MF of $ (1/3 of total in 2021) 8 Advantages of investing in MF ? Record keeping and administration ? Diversification and divisibility (see graph on the advantages of global diversification) ? Professional Management ? Lower Transaction Costs 9 Types of MFs 1. Equity Funds: Value Firms: High dividend yields 2. FixedIne (bond) Funds 3. Balanced Funds (money market, equity and bonds) 4. Growth Funds: Growth firms. 5. Specialized Funds: Specific economic sectors, and regions 6. Money Market Funds: Tbills, BAs, term depo
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