Question

Per Saylor, what date was the first mutual fund thought to have been founded?

Per Saylor, what date was the first mutual fund thought to have been founded?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

The first modern mutual fund was founded in 21st March 1924, However the oldest mutual fund is recorded in the year 1770

Add a comment
Know the answer?
Add Answer to:
Per Saylor, what date was the first mutual fund thought to have been founded?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Interest rate.  Two mutual fund​ managers, Martha and​ David, have been discussing whose fund is the...

    Interest rate.  Two mutual fund​ managers, Martha and​ David, have been discussing whose fund is the top performer. Martha states that investors bought shares in her mutual fund 11 years ago for ​$30.00​, and those shares are now worth $ 57.00. David states that investors bought shares in his mutual fund 7 years ago for only ​$3.20​, and they are now worth $ 7.70. Which mutual fund manager had the higher growth rate for the management​ period? Should this comparison...

  • You have been given the following return information for a mutual fund, the market index, and...

    You have been given the following return information for a mutual fund, the market index, and the risk-free rate. You also know that the return correlation between the fund and the market is 0.97 Risk-F Year 2011 2012 2013 2014 Fund -16.4 25.1 13.2 Market -32.5 20.3 2015 -1.68 What are the Sharpe and Treynor ratios for the fund? (Do not round Intermediate calculations. Round your answers to 4 decimal places.) Sharpe ratio Treynor ratio

  • The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund....

    The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund. The front end load is 2%. You sell your shares within six months at an NAV of $11 per share. The redemption fees is 3%. What is your return from this mutual fund investment?

  • The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund....

    The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund. The front end load is 2%. You sell your shares within six months at an NAV of $11 per share. The redemption fees is 3%. What is your return from this mutual fund investment?

  • Twelve months ago, you purchased the shares of a no-load mutual fund for $22.25 per share....

    Twelve months ago, you purchased the shares of a no-load mutual fund for $22.25 per share. The fund distributed cash dividends of $0.60 and capital gains of $1.60 per share. If the net asset value of the fund is currently $24.45, what was your annual return on the investment? Round your answer to two decimal places If the value of the shares had been $21.18, what would have been your annual return? Round your answer to two decimal places.

  • You have been given the following return information for a mutual fund, the market index, and...

    You have been given the following return information for a mutual fund, the market index, and the risk-free rate. You also know that the return correlation between the fund and the market is 0.97. Risk-Free Year 2011 2012 2013 2014 2015 Fund -17.68 25.1 13.4 6.6 -1.8 Market -34.5% 20.5 12.4 8 .4 -4.2 What are the Sharpe and Treynor ratios for the fund? (Do not round intermediate calculations. Round your answers to 4 decimal places.) Sharpe ratio Treynor ratio

  • You have been given the following return information for a mutual fund, the market index, and...

    You have been given the following return information for a mutual fund, the market index, and the risk-free rate. You also know that the return correlation between the fund and the market is 0.97. Year Fund Market Risk-Free 2011 –20.6 % –39.5 % 1 % 2012 25.1 21.0 3 2013 13.9 13.9 2 2014 7.6 8.8 4 2015 –2.1 –5.2 2 What are the Sharpe and Treynor ratios for the fund? (Do not round intermediate calculations. Round your answers to...

  • The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund....

    The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund. The front end load is 2%. The investment return of the fund for the year was 10%. You sell your shares. The redemption fees is 3% and the expense ratio is 4%. What is your return from this mutual fund investment?

  • Mark owns a mutual fund with NVA of $58.41 per share and expenses of $.96 per...

    Mark owns a mutual fund with NVA of $58.41 per share and expenses of $.96 per share. What is the expense ratio for Mark's mutual fund?(percentage)

  • You have been given the following return information for a mutual fund, the market index, and...

    You have been given the following return information for a mutual fund, the market index, and the risk-free rate. You also know that the return correlation between the fund and the market is 0.97. Risk-Free Year 2011 2012 2013 2014 2015 Fund -14.92% 25.1 12.8 7.0 -1.44 Market -28.5% 19.9 10.6 7.6 -2.2 What are the Sharpe and Treynor ratios for the fund? (Do not round intermediate calculations. Round your answers to 4 decimal places.) Answer is complete but not...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT