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Perhaps oddly, general “feelings” surrounding the stock market, such as positivism and pessimism, tend to have a measurable effect on the value of stocks. A general peculiarity is that, in the past, the discount at which closed-end-company shares sold has generally been larger at low levels of the stock market.
The discount tended to shrink as […]
Original post by Jimmy Atkinson and software by Elliott Back
Imply a percentage return on the investment in the shares of investment companies, except when the rate of return is expressed as a ratio of dividends paid from net investment income and adjustment has been made for capital gains distributions.
6. Represent that shares of an investment company are similar to or as safe as government […]
Original post by Jimmy Atkinson and software by Elliott Back
The essence of such plans is that the investment pool shall at all times consist of two portionsemdash a defensive pool consisting of securities having relatively small price fluctuations (high-grade bonds and preferred stocks) and an aggressive pool made up of securities having considerable price volatility (mainly common stocks). As security prices rise, the defensive […]
Original post by Jimmy Atkinson and software by Elliott Back
Investment companies use a number of different ways to cut the costs of research, and these cost cutting measures are becoming increasingly popular.
One group of investment companies uses the services of a company that serves all the funds in the group. Another investment company has, for some years, employed an advisory council to make recommendations. […]
Original post by Jimmy Atkinson and software by Elliott Back
The precise method of determining the net asset value of each share of stock and its offering price is often set forth clearly in the prospectus of management companies. Bid and asked prices are shown. The fact that management-company shares are sold continuously has produced a unique selling mechanism.
Generally, an management company management enters into […]
Original post by Jimmy Atkinson and software by Elliott Back
As a result of the division of investment companies into those whose prime object is income and those that stress capital gains, investors have perplexing problems of choice. “Growth funds” have become the popular designation of those whose policy emphasizes investment in stocks promising the greatest capital appreciation.
Income is secondary. The market may alter its […]
Original post by Jimmy Atkinson and software by Elliott Back
Among the several services offered to investors by most holding companies, one of increasing popularity is the accumulation plan. Through the Monthly Investment Plan of the New York Stock Exchange, investors have a similar opportunity for accumulation of shares of a number of closed-end companies.
There are sound reasons for the increasing acceptance of accumulation plans. […]
Original post by Jimmy Atkinson and software by Elliott Back
Institutional Shareholders Mutual Fund, Incorporated, which invests in common stocks, is owned by New York State mutual savings banks.
Besides changes in the law, the long-term record of common stocks and the inflationary tendencies prevailing during the 1950s induced managers of college endowment funds and pension funds to invest in common stocks. Corporate pension funds in […]
Original post by Jimmy Atkinson and software by Elliott Back
The Investment Company Act oversees selling practices and requires investment companies to file registration statements and transmit reports containing prescribed information to their security holders.
The Commission’s investigation disclosed numerous abuses in selling practices, particularly by open-end companies, periodic-payment plans, and face-amount guarantee companies. To provide more adequate information, sales literature issued by face-amount guarantee companies, […]
Original post by Jimmy Atkinson and software by Elliott Back