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Slides_Fundamentals of Investments - Chapter 4

Chapter4 Mutual Funds Goal Our goal in this chapter is to understand the different types of mutual funds, their risks, and returns.Investors added $363 billion in net new funds to mutual funds in 1999, and by the end of the year, mutual fund assets totaled $6.85 trillion. These were estimated to be owned by 83 million Americans. | C h a p t e r Mutual Funds Fundamentals of Investments Valuation Management second edition Charles J. Corrado Bradford D. Jordan McGraw Hill Irwin Slides by Yee-Tien Ted Fu McGraw Hill Irwin Goal Mutual Funds Our goal in this chapter is to understand the different types of mutual funds their risks and returns. Investors added 363 billion in net new funds to mutual funds in 1999 and by the end of the year mutual fund assets totaled 6.85 trillion. These were estimated to be owned by 83 million Americans. 2002 by The McGraw-Hill Companies Inc. All rights reserved. Mutual Funds Mutual funds are simply a means of combining or pooling the funds of a large group of investors. The buy and sell decisions for the resulting pool are then made by a fund manager who is compensated for the service provided. Like commercial banks and life insurance companies mutual funds are a form of financial intermediary. McGraw Hill Irwin 2002 by The McGraw-Hill Companies Inc. All rights .