investment company

Definition

Public corporation organized to invest in large blocks of securities of diverse firms, and to obtain its capital from issues of shares or units. Investment companies give a small investor the advantage of a full time professional investment management, and a very much wider spread of risk that it would have been otherwise possible. They are divided into three major types: (1) Open-end funds (also called mutual funds) which have a floating number of issued shares, and sell or redeem their shares at their current net asset value (NAV); (2) Closed-end funds (also called investment trusts) which can sell only a fixed number of shares which are traded on stock exchanges, usually at a discount to their net asset value; and (3) Unit investment trusts (also called unit trusts) which sell their redeemable securities (called units) which represent interests in the securities held by the trust in its investment portfolio. A unit holder is not a shareholder in a unit trust. See also investment club.

单词	investment company
释义	investment company Definition Public corporation organized to invest in large blocks of securities of diverse firms, and to obtain its capital from issues of shares or units. Investment companies give a small investor the advantage of a full time professional investment management, and a very much wider spread of risk that it would have been otherwise possible. They are divided into three major types: (1) Open-end funds (also called mutual funds) which have a floating number of issued shares, and sell or redeem their shares at their current net asset value (NAV); (2) Closed-end funds (also called investment trusts) which can sell only a fixed number of shares which are traded on stock exchanges, usually at a discount to their net asset value; and (3) Unit investment trusts (also called unit trusts) which sell their redeemable securities (called units) which represent interests in the securities held by the trust in its investment portfolio. A unit holder is not a shareholder in a unit trust. See also investment club.
随便看	deferred tax asset deferred tax liability deferred vesting deferred wage increase deficiency agreement deficiency balance deficiency judgment deficiency letter deficiency payment deficiency performance deficiency reserve deficient filing deficit deficit carried forward deficit financing deficit hawk deficit net worth deficit spending defined benefit formula defined benefit plan defined contribution plan defining relationship definite definitely definite quantity contract