0 a service where financial experts invest the money of many people in many different companies
1 a company that sells shares to the public and invests the money obtained in many different companies or lends it to governments
2 → unit trust
For example, marketing costs and administration costs are important cost categories in the mutual fund industry.
The best analogy is to that of an investment advisor or mutual fund.
However, life companies are increasingly also offering variable policies such as variable life policies, variable annuities, with-profits endowment and unit (mutual fund) linked policies.
Most importantly, it reminds the reader that mutual fund fees should be a key aspect to consider when investing.
Contrary to the authors' fundamental premise, however, mutual fund fees are not set by boards on a mechanical, cost-plus basis.
Mutual fund investors are represented by a population of binary strings.
Without a doubt, the author provide unique insights into both the mutual fund and annuities market.
Given the empirical evidence on mutual fund performance, we expect costs to have an important influence on pension fund performance.
