Financial Funds - Revised
CertificationView course modules
An open-end mutual fund is a diversified portfolio of assets created by the pooling of investor money. This course will teach you how an open-end mutual fund provides an easy, low-cost way to pool money and purchase a diversified portfolio reflecting a specific investment objective. You will also look into a closed-end mutual fund which is a portfolio of pooled assets that raises a fixed amount of capital through an initial public offering (IPO) and then lists shares for trade on a stock exchange.
You will then study Exchange Traded Funds (ETFs) which is a collection of securities that tracks an underlying index. You will learn that an exchange-traded fund is a marketable security with an associated price for buying and selling. You will also be introduced to hedge funds where you will learn about their structures and fees. You will also study venture capital which has high-risk/high-return opportunities, and private equity which is composed of funds and investors that directly invest in private companies.
Hedge funds are typically open-ended funds invested in a diverse range of assets. Open and close-ended funds are straight forward. The former is open to shareholders in terms of buying and selling of shares. The latter is closed and once you buy in you cannot leave unless you personally trade your share. By taking this course and you will gain a clear understanding of these types of funds and learn how fund managers make money through performance and commission.Start Course Now
Having completed this course, you will be able to:
- Define acronyms related to financial funds
- Explain how open-end and closed-end mutual funds operate
- Calculate the Net Asset Value (NAV) per share
- Describe how Hedge Funds operate and the role that the SEC plays with hedge funds
- Explain why there is an element of secrecy to do with hedge funds
- Discuss the role of fund managers in different types of funds and the fees that they can earn in each
- Explain the dangers when something is 'too big to fail'
- Describe the differences between Venture Capital Funds and Private Equity
- Explain what it means to take a short or long position with a company on the market
- Discuss what is involved with merger arbitrage
- Outline the importance of insider information
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