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Christian News:
Rationing Life in Great Britain
01/05/2009 09:43 PM
For Goodness Sake?
01/04/2009 11:39 PM
“Safe, Legal, and Rare?”
01/04/2009 09:21 PM
Mutual Funds
A mutual fund is a pooling of investor (shareholder) assets, which is professionally managed by an investment company for the benefit of the fund's shareholders. Each fund has specific investment objectives and associated risk. Mutual funds offer shareholders the advantage of diversification and professional management in exchange for a management fee.
When you invest in a mutual fund, you are buying shares, or proportional ownership, in all of the fund's underlying securities. Ownership in a mutual fund can offer increased diversification and professional management for an investor's portfolio.
Mutual funds are actively managed which makes it difficult for an investor to know what they own. It is up to the investment manager and fund company to ensure that a mutual fund continues to follow its objectives. Similarly, this active management may create short and/or long term capital gains based against the funds turn-over rate.
Your Harvest advisor can help you determine whether mutual funds are good investments for you, and because we remain independent, your advisor can help you select a mutual fund that is right for your situation.
Before investing, you should carefully consider the investment objectives, risks, charges and expenses of the mutual fund. The prospectus contains this and other important information, and you should always read the prospectus carefully before investing or sending money. A Harvest representative will gladly provide you with a prospectus for any mutual fund currently available.