Tuesday, April 5, 2011

Top U.S. Mutual Funds


  • In the United States, a mutual fund is registered with the Securities and Exchange Commission (SEC) and is overseen by a board of directors (if organized as a corporation) or board of trustees (if organized as a trust). The board is charged with ensuring that the fund is managed in the best interests of the fund's investors and with hiring the fund manager and other service providers to the fund. The fund manager, also known as the fund sponsor or fund management company, trades (buys and sells) the fund's investments in accordance with the fund's investment objective. A fund manager must be a registered investment advisor. Funds that are managed by the same fund manager and that have the same brand name are known as a "fund family" or "fund complex".
    The Investment Company Act of 1940 (the 1940 Act) established three types of registered investment companies or RICs in the United States: open-end funds, unit investment trusts (UITs); and closed-end funds. Recently, exchange-traded funds (ETFs), which are open-end funds or unit investment trusts that trade on an exchange, have gained in popularity. While the term "mutual fund" may refer to all three types of registered investment companies, it is more commonly used to refer exclusively to the open-end type.
    Hedge funds are not considered a type of mutual fund. While they are another type of commingled investment scheme, they are not governed by the Investment Company Act of 1940 and are not required to register with the Securities and Exchange Commission (though many hedge fund managers are now must register as investment advisors.
    Mutual funds are not taxed on their income as long as they comply with certain requirements established in the Internal Revenue Code. Specifically, they must diversify their investments, limit ownership of voting securities, distribute most of their income to their investors annually, and earn most of the income by investing in securities and currencies. Mutual funds pass taxable income on to their investors. The type of income they earn is unchanged as it passes through to the shareholders. For example, mutual fund distributions of dividend income are reported as dividend income by the investor. There is an exception: net losses incurred by a mutual fund are not distributed or passed through to fund investors.
    Outside of the United States, mutual fund is used as a generic term for various types of collective investment vehicles available to the general public, such as unit trusts, open-ended investment companies (OEICs, pronounced "oyks"), unitized insurance funds, UCITS (Undertakings for Collective Investment in Transferable Securities, pronounced "YOU-sits") and SICAVs (société d'investissement à capital variable, pronounced "SEE-cavs").

     Some important Top U.S. Mutual Funds  are,
  • ETFS LVR SILVER
  • ETFS LVR COTTON
  • ENERGY BULL 3X
  • GEIGER COUNTER
  • PRSH-ULT SILVER
  • ELEMENTS CS GLOB
  • AP ALTERNATIVE A
  • DIREXION DAILY
  • B2B INTERNET HOL
  • IPATH DJ-UBS COT
  • PROSHARES ULTRA
  • 49 NORTH RESOURC
  • HORIZON BETAPRO
  • ETFS COTTON
  • PROSHARES ULTRAP
  • JZ CAPITAL PARTN
  • UNITED STATES BR
  • DIREXION DAILY
  • PWRDB CMDTY 2X L
  • ETFS PHYS SILVER
  • SPROTT PHYSICAL
  • PROFUNDS-OIL E-I
  • PROFUNDS-O&G-INV
  • PROFUNDS-OIL E-S
  • PROFUNDS-O&G-SVS

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