Timtailieu.net 
Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
3403
1
0
9 trang
Here’s why: if the fund invested all its assets in 60-day paper, and
tomorrow your shareholders wanted to withdraw some of their money,
you would be forced to sell 59-day securities in what could be a weak
market. To prevent this—and comply with Rule 2a-7—you’ll need to hold
at least a 10 percent cash position. To make sure that you’re always in
compliance, you’ll stagger the maturities of the holdings in the fund, so that
some securities are being paid off every day, providing a steady cash flow.
But there’s even more to the maturity decision. Part of your role in
managing the fund is to determine when...
Nội dung trích xuất từ tài liệu:
On the Industry Concentration of Actively Managed Equity Mutual Funds
