Hearings, Reports and Prints of the Senate Committee on Banking and CurrencyU.S. Government Printing Office, 1967 - Banking law |
From inside the book
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Page 10
... fees . The investment adviser usually is well represented on the fund's board of directors and maintains effective control over the fund . With respect to the fixing of investment advisory or management fees , this situation creates an ...
... fees . The investment adviser usually is well represented on the fund's board of directors and maintains effective control over the fund . With respect to the fixing of investment advisory or management fees , this situation creates an ...
Page 13
... Fees include the management fee paid to the investment adviser and a continuing fee paid to the principal underwriter , which is closely affiliated with the adviser . 4 The fee is subject to reduction by certain adjustment , depending ...
... Fees include the management fee paid to the investment adviser and a continuing fee paid to the principal underwriter , which is closely affiliated with the adviser . 4 The fee is subject to reduction by certain adjustment , depending ...
Page 16
... FEES This pattern of relatively inflexible fee schedules which reflects in- difference to the equity of sharing with the funds the economies of scale , is not characteristic of other areas of investment management where the forces of ...
... FEES This pattern of relatively inflexible fee schedules which reflects in- difference to the equity of sharing with the funds the economies of scale , is not characteristic of other areas of investment management where the forces of ...
Page 20
... fees paid by the fund - which is a separate entity and so understood and recognized and treated — is reasonable or unreasonable . Shareholder voting has not operated as an effective control upon management fees . Even if the ...
... fees paid by the fund - which is a separate entity and so understood and recognized and treated — is reasonable or unreasonable . Shareholder voting has not operated as an effective control upon management fees . Even if the ...
Page 112
... FEES BASED ON REALIZED OR UNREALIZED CAPITAL GAINS OR RELATED TO A MARKET ... management contract should be left up to the shareholders , and that this ... fees . A great number of shareholders would simply vote their approval ...
... FEES BASED ON REALIZED OR UNREALIZED CAPITAL GAINS OR RELATED TO A MARKET ... management contract should be left up to the shareholders , and that this ... fees . A great number of shareholders would simply vote their approval ...
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Common terms and phrases
advisory fees amendment amount average banks broker-dealers brokerage capital gains Chairman COHEN Commission's committee common stock compensation competition Congress contractual plan corporate costs court dealers distribution dividends economic effect equity Exchange Commission fact fee rates fiduciary firms front-end load Fund Plan Sponsors fund sales fund's gross growth holders income investment adviser Investment Company Act Investment Company Institute legislation load funds management fees Massachusetts Investors Trust ment million mutual fund industry mutual fund investors Mutual Fund Plan mutual fund shares NASD net asset value paid payments percent performance period persons planholders portfolio president profits proposal purchase question reasonable reduced reinvestment sales charges sales load salesmen sample Section 22(d securities business selling Senator BENNETT Senator MCINTYRE Senator PROXMIRE Senator WILLIAMS statement Stock Exchange substantial survey tion transactions unaffiliated directors voluntary plan Wellington Fund York Stock Exchange