The Term __________  Means That Managers Put in Place Processes

question 83

Short Answer

The term __________  means that managers put in place processes and structures to ensure that new ideas are carried forward for acceptance and implementation.

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Definitions:

NAV

Net Asset Value, representing the per-share/unit price of a fund on a specific date or time, calculated by deducting liabilities from assets and dividing by the number of shares outstanding.

Load

A fee or charge assessed when buying or selling shares in a mutual fund, which can be front-end (when buying) or back-end (when selling).

Asset Allocation Funds

Mutual funds that invest in a mixed proportion of assets (e.g., stocks, bonds, real estate) to diversify risk.

Balanced Funds

Mutual funds that invest in a mix of asset classes, usually stocks and bonds, aiming to reduce risk through diversification.