貴金屬投資技術(shù)分析英文版(1)(編輯修改稿)
2025-05-26 12:42 本頁面
【文章內(nèi)容簡介】 to trust laws ? the right to vote on certain matters concerning the fund is guaranteed in the legislation under which the fund is created, through National Policy Statement No. 39 ? a trustee or a number of trustees act as the governing body. ? Trustees may be individuals or a corporate entity that has the power to act as a trustee (such as a trust pany) ? Trustees are responsible for the supervision of the fund’s operations and adherence to its investment policies. They have the power to enter into contracts on behalf of the fund for any required services. Mutual Funds E 19 The Mutual Fund Complex The Fund Manager and Portfolio Advisor ? Regardless of anizational structure, directors and trustees are ultimately responsible for the management of a mutual fund’s investment portfolio as well as the day today operations of the fund. ? To assist with this latter task, the directors or trustees of the fund may enter into a contract with a management (investment) pany to provide management services, rather than hiring staff to perform daytoday administration. A firm that provides these services is monly known as an administrative manager. Trustees and managers are often the same pany. Mutual Funds E 20 The Mutual Fund Complex The Custodian ? To protect investors and as a part of internal control mechanisms, the administrative and custodial functions of mutual funds are kept separate. ? The custodian is responsible for the safekeeping of all the fund’s investments. ? National Policy Statement No. 39 requires that a mutual fund’s cash and securities be deposited with, and held by, a custodian. ? The custodian must be a Canadian chartered bank, a Canadian trust pany having shareholder’s equity of not less than $10 million, or in some cases a subsidiary of a Canadian Chartered bank or trust pany that meets prescribed financial qualifications. ? The custodian also holds all ine earned by the fund until it is reinvested or distributed by the fund. The custodian makes all payments for the fund’s investments. Mutual Funds E 21 The Mutual Fund Complex The Distributor ? The distributor is the sales and marketing arm of the mutual fund anization. ? It is responsible for bringing in assets to the fund in the form of new fund units. ? Securities laws require each mutual fund to designate a principal distributor to assume the distribution responsibilities, usually under contract with the fund’s administrative manager. ? In many cases, the administrative manager will assume the role of principal distributor, and will distribute or arrange for distribution by carrying out its distribution responsibilities through its employees or by subcontract with one or more of the following distribution channels: Mutual Funds E 22 The Mutual Fund Complex The Distributor ? the following distribution channels: – Proprietary (inhouse) selling anizations that market only the funds offered by one mutual fund group. (eg. Investors Group) – Mutual fund specialists employed by a mutual fund dealer who is not aligned or
數(shù)學(xué)相關(guān)推薦
鄂ICP備17016276號-1