The Massachusetts Investors Trust was the first open-end mutual fund, meaning it allowed investors to buy in or sell out at the net asset value of the shares, which was calculated daily. This feature differentiated it from closed-end funds, making it far more accessible and flexible for individual investors.
In the world of finance and information overload, knowledge is power. Research IP delivers RIPPL Insights to serve as your monthly go-to source of compiled content in three focus areas - behavioral finance, technology, and investment.
Real interest rates have rapidly increased recently as monetary policy has tightened in response to higher inflation. Whether this uptick is temporary or partly reflects structural factors is an important question for policymakers.
Fund Managers are a very important part of the part of the investment landscape. Pension funding systems around the world heavily invest via fund managers, be they internal or externally appointed. Most Australian and Kiwi investors have exposure to a managed fund (also known as a mutual fund) via superannuation and KiwiSaver accounts. For Australians the predominant structure is an Australian Unit Trust (AUT) and for Kiwi’s this is via Portfolio Investment Entities (PIE). Most funds held within pension systems are diversified funds, largely because they are a default fund for the scheme provider.