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What parties involved in mutual fund?

Mindee Nelson

in Student Loans

1 answer

1 answer

Curtis Rhodes on October 22, 2018

(1) An investment Fund promoter of the company: Its function is to establish a Trust that owns all of the assets of the fund. The trust and confidence of invest all the money in the fund in the name of the trust. (2) the Trustee of Mutual Fund: Trustee has to be a bank. (3) Fund Manager: Their role is to invest and daily operations. They are investment advisers approved by the Capital Markets Authority or the Securities and Exchange Commission. (4) Custodian: the Custodian has custody of all the assets of the fund. Have to be a bank or institution authorized to act as Custodian by Capital markets Authority/ Security Exchange Commission. (5) In addition Investment Banks/Brokers be retained to market the Mutual Funds. Its function is to get the subscription in the fund.

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