Mutual Fund Book

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Guide Book Course

Mutual Fund Course

Overview

Over the past decades mutual funds have grown intensely in popularity and have experienced a considerable growth rate. Mutual funds are popular because they make it easy for small investors to invest their money in a diversified pool of securities. As the mutual fund industry has evolved over the years, there have arisen many questions about the nature of operations and characteristics of these funds.

The Mutual Funds Course provides an in-depth coverage of the mutual fund industry and its operations in an interactive format. It is intended to familiarize you with the basic concepts related to mutual funds. The course first provides the fundamentals, explaining what mutual funds are and how they work. The course provides an overall understanding of how equity and bond fund portfolios are managed. Mutual Funds Course is part of The Mutual Fund Guide as a basic overview and ea brief explanation of the world of Canadian mutual funds. The Mutual Fund Guide was made as a simplified  illustration and depiction of the more complex "Mutual Fund Book" with its accompanying 40 Minute Video and mandatory questions and surveys to complete which are required for the approved (CE) Continuing Education credits. A complete Mutual Fund Strategy is to complete the free Mutual Fund Guide and come for the Mutual Fund Seminar where you will recieve and particpate in The Mutual Fund Course studying and reviewing The Mutual Fund Book for a full Saturday session. Other important and exciting details about the world of mutual funds will be revealed  to savvy Mutual Fund Investors and the wiser Mutual Fund Advisor. Various factors surrounding the performance of mutual funds are then highlighted along with a brief of various standardized performance systems. An inside look at making money with the top new portfolio strategies, using the same old funds to get to new and higher profits than the index or average investor. Finally, the course depicts the recent trends in the Canadian mutual funds industry and how it will survive and thrive both market threats and market share loss to new competitve investment products.

Mutual Funds

1. Mutual Funds - Concept

  • Concept of mutual funds
  • Basic types of mutual funds
  • Advantages of mutual funds
  • Difference between mutual funds, segregated funds, bank mutual funds and bank deposits and gics.

2. Mutual Funds - Structure and Constituents

  • Constituents and structure of a mutual fund
  • Mutual funds in Canada the United States and elsewhere.
  • Difference between a mutual fund, bank mutual fund and a bank deposit like guaranteed investment certificates (gic's).

3. Various types of Mutual Fund products

  • Basic classification of mutual funds: categories, sectors and the new defintions
  • Segregated Funds and other products similar to mutual funds
  • The universe of Canadian mutual funds, investment funds and ETF's

4. Management of bond fund portfolio

  • Investment of bond funds
  • Basic characteristics of a bond
  • Bond valuation
  • Risks in bond investment
  • Techniques to enhance bond fund performance
  • Managing the bond fund

5. Management of equity fund portfolio

  • Equity portfolio
  • Types of risks and returns that different asset classes offer
  • Equity share
  • The value of equity shares
  • Three types of equity shares
  • Equity research
  • Valuation
  • Passive and active portfolio management
  • Portfolio strategies

6. Accounting and valuation of Mutual Funds

  • NAVPS and its importance
  • Calculating net asset value
  • Valuing the assets of the mutual fund
  • The financial statements that are prepared by the mutual fund
  • The accounting principles followed by the mutual funds (GAAP)

7.Prospectus and Annual Reports of Mutual Fund

  • Meaning and importance of mutual fund prospectus
  • The contents of a mutual fund prospectus
  • The operational aspects an investor should be familiar with
  • What does the annual report contain?
  • Shareholder expense
  • Investment profile
  • Statement of assets and liabilities
  • Statement of operations
  • Statement of changes in net assets
  • Financial highlights
  • Notes to financial statements

8. Evaluation of performance of mutual funds

  • Measuring fund performance
  • Measuring return
  • Measuring risk
  • Risk-adjusted return
  • Comparing fund performance with a reference
  • Various standardized performance systems
  • Limitations of performance measurement and evaluation

9. Regulations of Mutual Fund Industry

  • Contextual significance of mutual fund regulation
  • Legal environment of mutual funds
  • Supervision and regulation
  • Principles of mutual fund regulation
  • Standards
  • Rights of investors and the Mutual Funds Disclaimer
  • Role of industry players in furthering regulatory objectives
  • Market context
  • Transparency and disclosure
  • Limits on fees and expenses
  • Internal governance within mutual fund complexes

10. Education AIDS and Mutual Fund Industry Review

  • Annual Report of IGM Financial Inc. and Annual report of Tradex Management Inc.
  • Review of IFIC Statistics, information and website - Review of MFDA rules and regulations.
  • Trends in Mutual Fund Industry Report Analysis by Credo Consulting Inc.
      After completing this course you will be conversant with :
  • Concept of mutual fund investing inside rrsp and open money
  • Structure and constituents of mutual funds
  • Various types of mutual fund products
  • Management of bond fund portfolio
  • Management of equity fund portfolio
  • Accounting and valuation of mutual funds
  • Prospectus of mutual fund
  • Annual Report of mutual fund
  • Evaluation of performance of mutual funds
  • Regulations of mutual fund Industry
  • Trends in mutual fund Industry

 


Mutual Fund Guide

Free Mutual Fund Guide

Mutual Funds allow the investor of modest means the same access to securities as the institutional investor—access to stocks and bonds from many different companies. Beginning early in the 20th century, mutual funds achieved this by spreading an investment over a number of different stocks. What are the benefits?

Professional management.
Each fund has a knowledgeable portfolio manager or a team of managers that work full-time on the investor's behalf, with expertise in selecting suitable securities of many companies and/or governments. The average investor, who buys stocks and bonds, does not have the necessary time to assess securities, nor the expertise to make qualified investment decisions; thus he indirectly hires the fund's manager to make these decisions.

Ease of investing.
Automation can help you beat any habit of procrastination that might otherwise hold you back from achieving financial independence. With as little as $50 to $100 per month you can automatically pay for a pre-selected mutual fund purchase, directly from your bank account. You can also get started by investing a lump sum.

New investment capital can be added to a mutual fund.
As long as you meet the minimum (if any) investment amount, you can easily add new purchases to your account at any time. For example, if you invest an additional $500 (net after any sales commissions) in a fund selling at $10 a unit, the fund credits your account with 50 new units ($500 divided by $10 = 50).

Simplicity of transaction.
Fund units can be purchased or sold easily, offering a liquid form of investment, assuring ready access to capital in the case of an emergency. Within a fund family, monies can be transferred from fund to fund without penalty.
 
Immediate diversification among securities.
Even with a small investment of $1,000, your capital can purchase units of mutual fund trusts (or shares of mutual fund corporations), representing a proportionate ownership of all the securities held by the fund. Even with a limited investment of $1,000, your capital can purchase fund units that represent a variety of companies spread across many different sectors of the economy.  Furthermore, to help mitigate risk,  a fund may invest no more than 10% of its assets in any one security, except for government securities.

Past performance is obtainable from public records.
Mutual fund data services, fund companies, newspapers and websites all record and offer reports of the performance of mutual funds. It is the practice of most mutual fund consultants to offer a monthly or quarterly report on portfolio performance.

Efficiently re-invest dividends.
A mutual fund can automatically reinvest all your dividends and interest earned, which can add nicely to your future profits.

Automatic withdrawal plans.
Most funds allow you to redeem units at pre-selected intervals to create income. You can set up regular transfers to your bank account that accommodate your various income needs during different periods of your life.

Industry regulation.
The Mutual Fund Dealers Association (MFDA) now regulates the distribution of mutual funds. Detailed rules govern how mutual funds are sold to the investor, with an emphasis on assisting the consumer to meet his or her investment goals.

RRSP and RRIF eligible.
Domestic mutual funds with Canadian securities and foreign funds are fully RRSP and RRIF eligible. Depending on your tolerance for volatility, mutual funds can allow your long-term retirement portfolios to contain a wide array of stocks in various securities worldwide. You can even diversify your RRSP and/or your non-registered fund portfolio by owning up to 100% of a portfolio in funds holding foreign securities.

A great RESP tool.
You can start investing in mutual funds for your child's education long before he or she reaches college or university age. Small monthly investments can add up over time to cover all or part of the following costs: tuition, books, accommodation, a cafeteria food plan or weekly groceries, a car payment plus insurance and gas or public transportation, furniture, a telephone, and of course spending money.

Both your contribution and the government's grant are invested in the RESP. The added benefit of reinvesting the 20% government grant automatically in the mutual fund creates even more compounding. The RESP will grow tax deferred until your student needs it.

Consider using mutual funds in a TFSA (Tax Free Savings Account).
The TFSA is a great investment if you are a member of a pension plan and have minimal, if any, room to invest in your RRSP due to a high pension adjustment (PA) factor. You can supplement your retirement savings through the TFSA. After-tax investments grow tax deferred and there is no taxation on withdrawal.

Thousands to choose from.
Every type of investment fund—including equity funds, bond funds, diversified funds, balanced funds, and international funds—give you access to investments in the world's strongest companies.

International diversification among foreign securities.
Although Canada has a strong economy and is a G5 nation, it represents approximately 3% of the capitalization trading in non-domestic markets. The U.S. offers access to the highest capitalization in the world, while tremendous investment opportunity lies outside of North America—accessible via mutual funds.

Financial Consultation.
Your financial advisor can help you design your mutual fund portfolio and review it with you on a regular basis. Most advisors offer the majority of the better-performing funds—with both foreign and Canadian securities included, including a wide range of international and global funds.

 

 


Mutual Fund Book

Mutual Fund Book

There are many investment books available for sale about mutual funds. Just like choosing a mutual fund or a mutual fund portfolio can be quite a task, choosing a book about Mutual Funds can be equally challenging. MutualFund.ca will release a simple ebook over the Internet in 2008 to let investors know the straight forward information they are looking for and access to the advisor channel that gives them the further insight beyond the basics of investing in mutual funds to more complex products and services.

Mutual Fund Book will come with a mutual fund kit that helps first time investors and class room learners access to the world of Canada’s capital markets and more precisely investing in mutual funds inside or outside of your RRSP makes sense and history has proved that although mutual funds are a great way to invest one must read fund prospectus carefully and also understand that past performances may not necessarily be indicative of future performances; always invest with advice.

Reading the Mutual Fund Book and using the Mutual Fund Kit to plan your financial life can be very helpful, the sooner you know important information the sooner you may be investing and the faster you can take advantages of many money making and money saving ideas toward your overall savings and retirement plan.

www.mutualfundbook.ca

1-800-789-1011


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