mutual fund information

Q&A: A name of a loaded mutual fund?

Question by contrawildchild: A name of a loaded mutual fund?
Can someone give me a name of a loaded mutual fund, I can only find information about no load funds. I just need it for a project, I don’t intend on investing in one.

Best answer:

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Thrivent Asset Management Selects SunGard?s Asset Arena Investment Accounting

Thrivent Asset Management Selects SunGard’s Asset Arena Investment Accounting

Lombard, IL (PRWEB) October 11, 2011

Thrivent Asset Management, a $ 30bn asset manager and subsidiary of Thrivent Financial for Lutherans, has selected SunGard’s Asset Arena Investment Accounting as its mutual fund accounting platform. Asset Arena provides investment operations processing and comprehensive support for a wide range of assets, countries and investment activities.

By employing rules-based exception management processing using Asset Arena, Thrivent Financial will be able to bring a higher level of automation to its critical accounting functions and help reduce the number of peripheral applications. Asset Arena will also help enhance Thrivent Financial’s internal reporting by providing enriched data to the operations staff and fund managers. Thrivent Financial will use Asset Arena on an application service provider (ASP) basis to manage the firm’s operations and reporting at both its Appleton, Wisconsin and Minneapolis, Minnesota locations.

Gerry Vaillancourt, vice president, Mutual Fund Accounting of Thrivent Financial said, “We selected SunGard’s Asset Arena because it is a functionally rich and scalable solution that can help us maintain our business growth and contain costs. Most importantly, we hope to gain immediate efficiencies with the native functionality of the Asset Arena application.”

“Asset Managers such as Thrivent Asset Management choose SunGard because they require a higher level of service and need to maximize their technology investments,” said Doug Morgan, president of SunGard’s institutional asset management business. “Our business is dedicated to delivering technology that supports business growth and lowering the total cost of ownership.

About Thrivent Financial for Lutherans

Thrivent Financial for Lutherans is a not-for-profit, Fortune 500 financial services membership organization helping approximately 2.5 million members achieve financial security and give back to their communities. Thrivent Financial and its affiliates offer a broad range of financial products and services including life insurance, annuities, mutual funds, disability income insurance, bank products and more. As a not-for-profit organization, Thrivent Financial creates and supports national outreach programs and activities that help congregations, schools, charitable organizations and individuals in need. For more information, visit Thrivent.com.

About Asset Arena

Asset Arena is SunGard’s global suite of products and services for asset managers, institutional investors, and traditional and alternative fund administrators. Asset Arena supports the entire investment process, from portfolio management, risk management and compliance to investment accounting, transfer agency and client reporting. Combining deep functionality with broad business process management capabilities, Asset Arena helps investment firms manage complexity, increase efficiency, and respond quickly to changing business and regulatory requirements. For more information, visit http://www.sungard.com/assetarena.

About SunGard

SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves more than 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $ 5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for them wherever the mission is critical. For more information, visit http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo and Asset Arena are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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Ak Investment Joins the SunGard Global Network for Trading on Turkish Capital Markets

Ak Investment Joins the SunGard Global Network for Trading on Turkish Capital Markets

London (PRWEB) October 12, 2011

Ak Investment, the brokerage arm of the leading Turkish financial institution Akbank, has joined the SunGard Global Network (SGN) to offer its trading services and research expertise on the Turkish capital markets. SGN connects 2,000 asset managers with over 500 brokers worldwide.

Accessing SGN will help Ak Investment reach clients directly, add new connections in short timeframes and offer its Turkish market expertise to SunGard’s user community, at a time of increasing international interest in Turkey. Offering electronic execution services through SGN will help Ak Investment reach new clients who wish to route order flow directly to exchanges, helping them improve execution speed, performance and order management.

Mehmet Taman, head of Institutional Sales & Trading for Ak Investment, said, “Connecting to SunGard’s SGN was an obvious choice for Ak Investment as part of our strategy to be a leader in Turkish capital markets and the partner of choice of buy- and sell-side firms worldwide who want to trade in Turkey. The SunGard connectivity will be integrated with our existing trading infrastructure, helping us start to on-board clients immediately.”

Philippe Carré, global head of connectivity for SunGard’s global trading business, said, “Turkey is one of the most dynamic economies in Europe, and we are seeing growing demand from international clients for access to the Turkish capital markets, for trading and market data. We are pleased to expand our Turkish market connectivity offering and are committed to growth in our emerging markets connectivity. The SunGard Global Network will provide AK Investment with direct links to its international user community, helping it rapidly on-board clients and easily add new offerings, such as algorithms and derivatives trading.”

About Ak Investment

AK Investment, fully owned by AKBANK provides full service brokerage and investment banking services in the Turkish market concentrating especially on institutional brokerage, research and investment banking services.

Besides the Research Department’s comprehensive product line including macroeconomic and specific equity reports and Investment Banking Department’s services including public offerings, merger and acquisitions, financial advisory, valuation and privatization advisory, Ak Investment gained the confidence of international investors thanks to its well recognized brand name, strong research support and a highly qualified team providing client-focused services. Ak Investment aims to render trade executions following international best practices together with well established and market tested settlement procedures. As electronic trading is becoming dominant trend in all markets as well as in Turkish market globally, Ak Investment offers fix trading and Direct Market Access (DMA) trading facilities to its clients. For more information, please visit http://www.akinvestment.com.tr

About the SunGard Global Network (SGN)

A trade automation and connectivity solution, the SunGard Global Network links institutions throughout the financial services value chain, offering services for equities, fixed income, listed derivatives, mutual funds, money market funds and other cash equivalents. SGN helps automate the entire trade lifecycle, from order execution through to post-trade processing. It facilitates trading on over 120 markets worldwide and links more than 2,000 asset managers with over 500 brokers, as well as interconnecting with major third-party order-routing networks. SGN’s international connectivity hubs also support low-latency market data delivery from global markets. For more information, please visit http://www.sungard.com/sgn

About SunGard

SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves more than 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $ 5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical.

For more information, please visit http://www.sungard.com

Trademark Information: SunGard, the SunGard logo and the SunGard Global Network are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Tax Shelther a Short Term Mutual Fund account?

Question by Dee S: Tax Shelther a Short Term Mutual Fund account?
Tax Shelter a Short Term Mutual Fund account?
I am 72 years old and I want to put down $ 10,000 to start a Short-Term(2-5 year) account, with divided reinvested to buy more shares. I hear that even though the dividends are reinvested, dividends reinvestment are considered taxable income for that year and I will have to pay at the end of the year. Is this information correct?

If so, how else would a be able to direct the dividends so that I be tax sheltered from govn’t hands. Would I be able to direct earnings into an IRA, but only $ 4000 is allowable for IRA, is there other ways to not get taxed on my Mutual Fund divideds and earnings? Annuity? Life Policy? LTC?

Best answer:

Answer by Wayne Z
You are correct. Dividends are taxed whether they are reinvested or withdrawn.

A municipal bond fund pays dividends that are exempt from Federal tax and MAY be exempt from state tax depending as to what state you are in.

Don’t let tax consequences be the primary driving force from which investment you choose though. I would rather get a 12% return from a taxable account than a 4% return from a non-taxable one.

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Press Release: Merk White Paper Finds Currencies Deliver Enhanced Returns and Risk Protection

Press Release: Merk White Paper Finds Currencies Deliver Enhanced Returns and Risk Protection

Palo Alto, CA (PRWEB) September 08, 2011

Merk Investments, manager of the Merk Funds, today announced the release of a new White Paper titled, “How Can Investors Protect Against U.S. Dollar Risk?”

The White Paper asserts that, in the current environment, adding portfolio protection against a decline in the U.S. dollar may be of the utmost importance. It cautions that there is a significant risk that the U.S. dollar may continue to weaken, causing a further decline in purchasing power. Furthermore, it points out that protection against inflation and purchasing power deterioration are key investment concerns.

Consequently, the authors beckon that investors may want to consider managing the U.S. dollar risk inherent in their portfolios. The White Paper analyzes several options currently available to investors seeking currency diversification and management, and discusses advantages and disadvantages of each alternative. These alternatives range from listed currency vehicles and international securities, to precious metals, commodities, and currency overlays.

“Based on our research, employing a fully collateralized currency overlay on the S&P 500 Index results in enhanced risk-adjusted returns,” states Kieran Osborne, CFA, Merk’s Director of Research and author of the White Paper. “Forward contracts may allow investors to manage the currency exposure of an asset class or security, while maintaining a fully invested position in that same asset class or security,” concludes Mr. Osborne.

For a copy of “How Can Investors Protect Against U.S. Dollar Risk?” please contact joe.paone [at] merkinvestments.com.

Merk Investments, with over $ 850 million in assets under management, is the largest mutual fund company focusing exclusively on currencies. The Merk Funds are a suite of transparent no-load currency mutual funds that do not typically employ leverage, consisting of: the Merk Hard Currency Fund℠ (MERKX), the Merk Asian Currency Fund® (MEAFX), and the Merk Absolute Return Currency Fund® (MABFX). The Merk Funds provide investors with the opportunity to add managed currency exposure to their portfolios, which may provide valuable diversification benefits.

For more information about the Merk Funds and the currency asset class, including how to obtain a prospectus and to invest, please visit http://www.merkfunds.com.

For more information, or to schedule an interview, please contact:

Heather Busby

Merk Investments

(650) 323 4341

pr [at] merkinvestments.com

Merk Investments

Merk Investments LLC, is a Palo Alto, California, based SEC registered investment advisory firm managing currency mutual funds. For more information on Merk Investments or the Merk Funds, please visit http://www.merkfunds.com.

This information does not constitute a solicitation or an offer to buy or sell any investment security, nor provide investment advice. Merk Investments LLC.

Transaction fees and other restrictions may apply to invest through a broker. As with any mutual fund product, there is no guarantee that the funds will achieve their goals. Investors should consider the investment objectives, risks and charges and expenses of the Funds carefully before investing. This and other information is in the prospectus, a copy of which may be obtained by visiting the Funds’ website at http://www.merkfunds.com or calling 866-MERK FUND. Please read the prospectus carefully before you invest.

The Funds’ principal investment risks include, but are not limited to, currency exchange rate risk, foreign instrument risk and interest rate risk. For a more complete discussion of these risks please refer to the Funds’ prospectus. Foreside Fund Services, LLC, distributor.

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More Mutual Fund Information Press Releases

Amana Mutual Funds Commerical

The Amana Funds limit the securities they purchase to those consistent with Islamic principles which limits opportunities and may increase risk. Please consider an investment’s objectives, risks, charges and expenses carefully before investing. To obtain this and other important information about the Amana Funds in a current prospectus, please visit www.amanafunds.com or call toll free 1-888/73-AMANA. Please read the prospectus carefully before investing.

How to find a mutual fund is moving into cash or not?

Question by ykchen913: How to find a mutual fund is moving into cash or not?
A recent article said “Investors how have done the best in the long run were those who focused on preserving capital in bad markets.” And, some mutual funds advertise that they are willing to move heavily into cash when the downturn started, helped cushion the blow of the bear market. Question: how can we find out this information daily/weekly? Yahoo finance may be able to tell us the % of cash in the portfolio, but it does not give daily/weekly/monthly update. It only updates at most quarterly, isn’t it? It is greatly appreciated if someone can point out a website/resource that shows this kind of information. Thanks.

Best answer:

Answer by trade_info
In general you can’t find out that info. I recall one fund manager mentioned that he was going to give frequent updates on portfolio positions. However I don’t remember who it was.

Since most fund managers fail to beat the indexes over time, the truth is it does not matter what they are doing. But the index funds for bullish positions, buy the double inverse Rydex or Profunds when in bear mode.

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ICICI – TMTW – Mutual Funds – Ep 3 Part 1

ICICI Turning Money To Wealth show, discussing various layers of information pertaining to Mutual Funds. Episode 3 – Part 1
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The Amana Funds limit the securities they purchase to those consistent with Islamic principles which limits opportunities and may increase risk. Please consider an investment’s objectives, risks, charges and expenses carefully before investing. To obtain this and other important information about the Amana Funds in a current prospectus, please visit www.amanafunds.com or call toll free 1-888/73-AMANA. Please read the prospectus carefully before investing.
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Q&A: If we sell shares of a California Tax Free Income mutual fund do we have to calculate & report capital gains?

Question by Michele M: If we sell shares of a California Tax Free Income mutual fund do we have to calculate & report capital gains?
(Gains on the mutual fund shares.)
We live in California.
The fund company merged with another a couple of years ago, so they say they couldn’t send the gain/loss information with the 1099-B & it’ll be a pain to calculate.

Best answer:

Answer by KPO’M
Yes. You have to pay capital gains taxes on all mutual fund investments held outside of IRA or similar accounts. The tax-free nature of municipal bonds is limited to the dividends you receive.

Have you ever sold shares of the fund before? There are 3 methods of identifying the shares sold. The most common is the average cost method. Once you use this method, you have to keep on using it for as long as you hold that investment. This is the method that fund companies usually report, and it basically means you figure out the average price at which you bought your shares, and figure the gain based on the difference between that and the selling price. (e.g. I bought 100 shares at $ 1, 100 shares at $ 2, so my average cost is $ 1.5). If you sell 50 shares now at $ 2/each, the gain is $ 25 ($ 0.50 times 50 shares)

The easiest method, if you haven’t sold before, is the first in first out (FIFO) method. Using my earlier example, you can say that the 50 shares you sold came out of the first shares you bought (i.e. the first 100 at $ 1). In this case, your gain is $ 50 ($ 1 gain x 50 shares).

The other method is specific identification. To do this, at the time you sell, you need to send the fund company a letter saying which shares you are selling. For example, you can say you are selling half the shares that you bought at $ 2, meaning in this case, you would have no gain.

However, to accurately figure all this out under any method, you’ll need your old fund records. It’s a good idea to keep at least your annual statements for this purpose, as that should list all your activity. Alternative, MS Money or Quicken can do this for you.

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What is P/E (Price-Earnings) Ratio?

What is P/E (Price-Earnings) Ratio? Disclaimer: All content was created and owned Investopedia ULC. Please visit www.investopedia.com for more information. The use of this video is purely for educational purposes only and does not claim any responsibility for any losses or damages incurred from financial decisions made from this video. Viewers are advised that this electronic publication is issued solely for information purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security. The views expressed herein are based upon our analysis of the issuer’s public disclosures, and assumes both their accuracy and completeness. The opinions and statements included herein are based on sources (including the companies discussed and public sources) believed to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. We have not independently verified the information contained herein. This information is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. We encourage you to consult with independent financial advisors with respect to any investment in the securities mentioned herein. You should review a complete information package on all companies, which should include, but not be limited to, the Company’s annual report …
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