UID:
almahu_9948025614802882
Umfang:
1 online resource (241 p.)
Ausgabe:
1st edition
ISBN:
1-281-00625-4
,
9786611006259
,
0-08-049158-8
Serie:
Securities Institute Global Capital Markets
Inhalt:
'International Funds' will provide readers with:*A greater understanding of the benefits and limitations of funds to both retail and institutional investors*An easy-to-read, yet technically comprehensive, insight into fund structures *An overview of the variety of legal structures, regulatory categories and investment profiles available*A detailed understanding of the practical aspects of fund valuation and administration, and the role of the various practitioners*A view of the future of the international funds industry in the light of changing markets, regulation and inves
Anmerkung:
Includes index.
,
Front Cover; International Funds: A Practical Guide to Their Establishment and Operation; Copyright Page; Contents; Introduction; Part 1: Principles of Fund Management; Chapter 1. The concept of collective investment schemes; 1.1 What is a FUND?; 1.2 Capital structures; 1.3 Legal structures; 1.4 The size of the funds universe; 1.5 Origins: the first collective investment vehicles and the emergence of a funds industry; 1.6 Purposes, advantages and disadvantages of collective investment schemes; 1.7 The market for funds - institutional, retail, specialist
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1.8 The role of funds as a node between the investing public and the capital markets1.9 Listed funds; 1.10 Fund categorizations; 1.11 Matching investors' objectives; Chapter 2. Different fund structures; 2.1 The different capital structures: open- vs. closed-ended schemes; 2.2 Legal structures: corporate, trust-based, partnership and contractual vehicles; 2.3 'Onshore' vs. 'offshore' vs. 'international'; 2.4 'Umbrella fund' structures; 2.5 Protected Cell Companies; 2.6 Feeder funds; 2.7 Funds-of-funds; 2.8 Exchange traded funds; Chapter 3. The regulatory environment
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3.1 Recap: the regulatory definition of a fund3.2 Regulation of schemes, and applicable exemptions; 3.3 Regime for functionaries, and applicable exemptions; 3.4 Compensation schemes; 3.5 Advantages and disadvantages of regulated status; 3.6 Applying for a license, and applicable exemptions; 3.7 'Fit and proper' status - sponsors, service providers; 3.8 Ongoing supervision; 3.9 Investor due diligence requirements; 3.10 Recognition regimes for foreign schemes; 3.11 The rationale for investment restrictions; 3.12 Typical restrictions on securities funds
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3.13 Typical restrictions on money market funds3.14 Restrictions on feeder funds; 3.15 Restrictions on funds-of-funds; 3.16 Restrictions on futures and options funds (FOFs); 3.17 Restrictions on geared futures and options funds (GFOFs); 3.18 Restrictions on property funds; 3.19 Umbrella funds; 3.20 Investment trusts; 3.21 'Offshore funds'; 3.22 Hedge funds; Part 2: Practical Aspects of Fund Management; Chapter 4. Overview of the operation of a fund; 4.1 The fund sponsor; 4.2 The fund manager; 4.3 Managed managers; 4.4 The Authorized Corporate Director; 4.5 The investment adviser or manager
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4.6 The directors of the fund company (OEICs and investment trusts, not unit trusts)4.7 Fund administrators; 4.8 Registrar; 4.9 The trustee (unit trusts); 4.10 The custodian (OEICs, investment trusts, not unit trusts); 4.11 The regulator; 4.12 Distributors; 4.13 Auditors; 4.14 Legal adviser; 4.15 Brokers; 4.16 Insurers; 4.17 Putting it all together; 4.18 Tax considerations and the allocation of responsibilities; Chapter 5. Valuations and pricing; 5.1 Open-ended schemes - first principles of pricing; 5.2 Why are valuations carried out?; 5.3 What are the various elements of a valuation?
,
5.4 Recap: the basis of NAV-based pricing
,
English
Weitere Ausg.:
ISBN 0-7506-5899-1
Sprache:
Englisch
