The best source of information is the funds prospectus. This document contains detailed information about the fund, its features, its performance and more. You should receive and read the prospectus thoroughly before making any financial commitment to the fund.
Can I make changes if My Situation Changes? How?
Yes, the propectus spells out what requirements apply to fund activities and any fees related to the administration and record keeping of thos events. If you purchased the fund through a registered representative, he or she can also explain these details. inforamtion is also available from the mutual fund company, usually via a Web site or shareholder information line.
Should I Redeem my Fund Balance if the Market Goes Down?
Mutual funds are typically part of a longer-term financial strategy, and are not normally intended to be utilized as short term (12 Months or less) trading vehicles. Because of the potential of fluctuations in value of the underlying securities in fund, the fund itself may experience a change in overall value as well. As such, the sale of fund shares that have delined in value should only be considered if such a transaction is conistent with your total financial plans and goals. An important consideration is "time in the market, NOT timing of tht market."
How is a Mutual Fund's Price Determined?
The process of pricing a fund usually begins at the end of each business day when the New York Stock Exchange closes.
- Remember, past preformance is no guarantee of future results.
- To determine a mutual funds share price, follow this formula:
Orders received during a business day will be executed at the NAV determined at the close of business that day. This process is referred to as forward pricing.
Articles from: International Marketing Group
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