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Title: sip

Essay Details:

Subject: Business

Author: Ashley W

Date: October 14, 2014

Level: University

Grade: A

Length: 2 / 399

Essay text:

A mutual fund is a collective investment vehicle. The fund invests assets pooled from different sources, both institutional and retail. The investor buys units in the fund, which can increase or decrease in value depending on the performance of the underlying assets. Funds can be open-ended (in that they can sell units of the fund indefinitely), or they can be closed-ended (in that they only offer a set number of shares). Any currency conversions used in the creation of this report have been calculated using constant 2003 annual average exchange rates. For the purposes of this report, the European market comprises Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, Norway, Spain, Sweden, Switzerland and the UK...

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