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SEC Orders Mutual Funds to End Favoritism
Bank Of America Investment The giant Russian oil firm Yukos has again warned it might have to halt production following a Moscow court decision placing a freeze on more of its accounts.If you would like to receive late breaking news on stocks covered by AXcess News then you need to subscribe. By joining, you can stay ahead of the pack and receive the latest news in your email in-box first.Print This Page
This blog talks about the indian mutual fund schemes, NFOs and analysis of various mutual funds and mutual fund investment strategy.
Investment Opportunity Sept 3, 2004 (AXcess News) Moscow - The giant Russian oil firm Yukos has again warned it might have to halt production following a Moscow court decision placing a freeze on more of its accounts.
- ADRs or American Depository Receipts act as a proxy for foreign stock shares, but are issued in dollar value.
- Closed end funds are like a cross between mutual funds and ETFs which trade like stocks but are a collection of stocks from one country. For example, IFN is a closed end fund for India and CAF is a closed end fund for China. Both invest invest 100% in their countries but are managed by an American investment company and trade on the NYSE.
. They trade like stocks, in diversity.
Banc Of America Investment A Yukos statement said the freeze on the accounts of some of its subsidiaries is paralyzing the firm's production capacity and prevents it from paying its employees.
- The downside Many mutual funds require a minimum investment.
still OK if the other stocks increase in value.
Banking Investment The company is struggling to pay $3.4 billion in back taxes for the year 2000. A similar claim for 2001 is still before the courts.
Up the ladder are corporate bonds...then the stock market...and some of the most popular investments these days...Mutual Funds.
Investment Solution Strategic Former Yukos chief Mikhail Khodorkovsky is on trial on charges of tax fraud, which he calls retaliation for his support of the political opposition. The Kremlin denies this.Source: Voice of AmericaAdvertisementAXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.
Dreyfus Strategic Municipals, Inc. (the Fund) end management investment company. The Fund's investment objective is to maximize current income exempt from federal income tax to the extent believed by the Fund's investment adviser to be consistent with the preservation of capital. Under normal market conditions, the fund invests at least 80% of its net assets in municipal obligations. Generally, the fund invests at least 50% grade or the unrated equivalent as determined by Dreyfus.
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