FINANCIAL MARKET COURSES
Japanese Equity Market
Receivable Finance (New)
Lending - An Introduction
The Lending Cycle
Commodities - An Introduction (Revised)
Commodities - Trading (New)
Commodities - Livestock (New)
Commodities - Softs (New)
Primer – MiFID II/MiFIR (New)
Understanding Private Wealth Management Business
Private Wealth Management Products & Services
Primer – Smart Beta (New)
Available on iPad and Android tablets as well as desktop
Closed-End Funds & Unit Investment Trusts (US)
A closed-end fund (CEF) is an investment company that (usually) issues a fixed number of shares through a once-off public offering. Although not as popular as their open-ended cousin, mutual funds, CEFs are an important investment vehicle in their right. Despite the name similarities, the closed-end structure differs significantly from that of mutual funds. This course explains these differences and describes many of the particular features and characteristics associated with the closed-end structure. The course also provides detailed information about another type of pooled investment vehicle in the US, namely unit investment trusts (UITs).
On completion of this course, you will be able to:
• Explain the difference between a closed-end and open-end (mutual) fund, and distinguish between the different types of closed-end fund
• Describe the basic features and characteristics of closed-end funds
• Describe the basic features and characteristics of unit investment trusts
Topic 1: Overview of Closed-End Funds
• Closed-End Funds – A Form of Investment Company
• What is a Closed-End Fund?
• The Popularity of Closed-End Fund
• Bond Funds
o Domestic Taxable Bond Funds
o Municipal Bond Funds
o Global/International Bond Funds
• Stock Funds
• Interval Funds
Topic 2: Features of Closed-End Funds
• Key Features
o Returns and Distributions
o Managed Distribution Policies
o Return from Selling Shares
o Fees and Expenses
Topic 3: Unit Investment Trusts
• What are unit Investment Trusts?
• Types of UIT
• Key features
o Buying and Selling UITs
o Fees and Expenses
ESTIMATED COMPLETED TIME
Mutual Funds (US) - Investing
This course examines the steps investors must take in planning a mutual fund investment: identification of investment criteria, collecting information, assessment of risk, and purchasing shares. It also details the various fees and expenses associated with mutual funds and examines the tax implications of a mutual fund investment.
Intuition engages with over 30 accreditation bodies to ensure Know-How can be used for CPE credits. If your organization needs CPE from a body not listed below, contact us and we will endeavour to have them included.
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