23 Blue sheet
Info, Societal, Political, Legal -- w / # from Blue sheet] br />
- Intensify financial industry lobbying efforts
Alt market + Nonmkt [6 + 7]
analysis Mkt reactions
Select strategic action [8]
Is it legal and ethical?
Selected? (Yes / No / Wait)
Implementation of strategic action for " each" strategy [9]
Provide details of what you will do to achieve your objective(s)
Id strategy by its # [Identify facts, figures, #s, outside sources}
Information:
- Find out what other countries are doing about ETFs (UK, Canada, etc.).
- Find expert testimony to explain ETFs better to the SEC and to Congress
- Find out what the SEC is most worried about
Societal Strategies:
-engage in a PR campaign in support of looser restrictions on ETFs
-Find consumer groups to get their support for the initiative
-Work on a media strategy
Political Strategies:
- Gain Congressional support
- Work with SEC to assuage their concerns
- build grassroots support among investors who want more choice
Legal Strategies:
- None -- deal with at the political level.
Yes
Yes
Yes
Probably ethical
Yes
Yes
Probably not ethical to buy Congressmen
Yes
Ethical to an extent
Yes
Yes
Research team to talk to our contacts in these countries
Conduct research at industry level
Talk to SEC directly
Build a narrative, promote that narrative online and through the media
Talk to consumer groups directly
PR department needs to work with head office on a media strategy
Remind them of your donations to their campaigns
Talk to SEC directly
Hire more lobbyists/give them more money
Send letters to clients to let them know about the issue and how they can contact the SEC to voice their concerns
N/a
Mutual Fund Manager Definition of the Fund Manager Position and Major Responsibilities Securities and Exchange Commission defines a mutual fund as a company that pools money from many investors and invests the money in stocks, bonds, short-term money market instruments, other securities or assets, or some combination of these investments (U.S. Securities and Exchange Commission, 2008). Mutual funds are in turn operated by professional money managers, the fund managers, who invest the
98% to 43.72%. The average fund in this category has a mean total return of -0.64% and a standard deviation of 12.23 USAA Precious Metals and Minerals (USAGX), 2009). Another factor that one should look at when contemplating investing in a mutual fund is how much the fund has rewarded shareholders relative to the risk they have taken. One should look at a risk-adjusted measure of performance known as the Sharpe ratio. It
b) It is required that the "summary prospectus appear at the front of a fund's prospectus." (Security Exchange Commission (b)) c) Amendments have been made so that the Internet can be used to give important 'information' inclusive of "description of the fund's investment objectives and strategies, fees, risks, and performance." (Security Exchange Commission (b)) d) The Form N-1A, for mutual funds, should have the "key information at the front of its statutory
The first aspect of successful mutual fund performance is to define a benchmark. Most funds have specific benchmarks that they use both internally and externally. Externally, the benchmarks are often used in promotional material, relating the performance of the fund to the performance of the Dow Jones Industrial Index or some other broad-based market indicator. Funds operating in specific sectors will benchmark against a sector index. The idea behind
The correlation was expected to be relatively weak because even high value funds can experience exceptional performance. The weakest correlation (0.056), which is not a significant correlation at all, is with the Morningstar rating. This is somewhat surprising, because the Morningstar rating presumably takes the fund's historical returns into consideration. However, in any given year the fund may or may not perform according to its track record. This could result
When looking at risk, the fund does have a beta higher than that of its large cap blended peers. The beta of the fund is roughly 1.23 as compared with a beta of 1.04 for many of its peers. This can be attributed to the large concentration in financial stocks which tend to have high betas relative to the market. This is to be expected as financial shares raise disproportionately