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create your own hedge fund increase profits and reduce risks with etfs and options phần 3

ngành công nghiệp quỹ hùng mạnh lẫn nhau đã tồn tại trong hơn 80 năm và có khá nhiều đã có những điều theo cách riêng của mình. Nhưng vì một số công ty quản lý đã cư xử questionably, ngành công nghiệp này đã được xem xét kỹ lưỡng mạnh mẽ trong thời gian gần đây.Cáo buộc gần đây, | CHAPTER 5 Traditional Mutual Funds The mighty mutual fund industry has been in existence for more than 80 years and has pretty much had things its own way. But because some management companies have behaved questionably the industry has been scrutinized intensely in recent times. IS THE MUTUAL FUND INDUSTRY IN TROUBLE WITH THE PUBLIC Recent allegations that fund managers allowed some preferred customers to buy shares after trading hours rocked the public s confidence in the industry.1 Additional charges of favoritism allowing preferred customers to time the marker by frequently buying and redeeming shares provided further trouble.2 Mutual fund mangers make a fortune.3 As difficult as it may be to believe that they would jeopardize that income stream for the chance to earn a few extra dollars in fees some clearly have done so. The shareholders are the true owners of their mutual funds and the management teams are charged with the responsibility of managing those funds with the best interests of the shareholders in mind. In fact they are paid huge fees to do just that. However it has become obvious that some managers operate the funds with their own bottom lines taking precedence over their responsibilities to their own shareholders. For example 32 Traditional Mutual Funds 33 Managers earn a yearly fee based on the amount of money under management so it s to their advantage to attract new capital. But larger funds often have a difficult time trading huge quantities of stock making managing the portfolio inefficient. That s unfair to the shareholder. Management teams do not offer the funds the same discounts offered to their institutional clients. Instead of absorbing marketing expenses managers force shareholders to pay those expenses. Reports to the shareholders are supposed to provide accurate commentary on management team performance. A serious conflict of interest arises when managers gloss over their own shortcomings.4 Investors might overlook the shortcomings .