Most mutual fund shareholders, for instance, are still avoiding any high-risk investments in their mutual fund portfolios.
When an open-end fund realizes a capital gain, that gain is "passed through" to fund shareholders, even if the security was bought 20 years ago and an investor bought into the fund only the week before.
"We think it's important for fund shareholders to vote their proxies, " says Fidelity spokesman Adam Banker.
The metal is audited, securely stored, and owned by the shareholders of the fund.
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We all, including mutual fund shareholders, need to start watching the watchdogs and demanding more of them.
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He has a duty to protect the mutual fund shareholders, but he also has a duty to his employer.
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Most have settled on secret terms that likely involve large payments to plaintiff lawyers and scant benefits for fund shareholders.
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What is included: portfolio management fees plus outlays for things like recordkeeping and running the phone lines, plus, to the extent they are billed to fund shareholders, marketing costs.
Seven of the 20 biggest asset-gatherers of 2011 were from Vanguard Group, a company that is unusual in being owned by its funds and thus, indirectly, by fund shareholders.
Investors elsewhere may know even less, because most funds based in Europe and Asia disclose only management fees, not other expenses, such as marketing costs, that are charged to fund shareholders.
Lasser's dismissal followed charges by the U.S. Securities and Exchange Commission of securities fraud at Putnam, which allegedly failed to reveal trades employees conducted for personal profit and at the expense of mutual fund shareholders.
"There is no 'quit' in me or anyone else on the Pimco premises, " Mr. Gross said in a letter in October to his clients in which he made a mea culpa to shareholders of his fund.
U.S. stocks still ended the day with sharp losses, but a last-hour rally cut the deficit in the blue-chip barometer by more than half as professional investors seem to have stepped in and picked up shares dumped by unhappy mutual- and hedge-fund shareholders.
The truth is that, unlike a typical operating company (such as an industrial corporation) where the goals of management and shareholders are usually the same, in the case of a mutual fund, the goals of the fund and its shareholders on the one hand and the goals of the money manager on the other hand, are not necessarily the same.
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Both investors in the mutual fund and shareholders of the parent company suffered as a result.
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The pension fund, which goes by the initials CalSTRS, "believes Wal-Mart's board is dominated by directors beholden to the Walton family rather than shareholders, " the fund's governing board said in a statement.
Most of these reforms are going down well with the Fund's shareholders.
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Mr Kirchner has followed an unwavering course, not only defying the Fund at home but pleading his cause adroitly with the Fund's shareholders in Europe and the United States.
"Greenlight is hopeful that when Apple and its advisers review the idea afresh, it will see the merits and act to unlock value for all shareholders, " the hedge fund said Thursday.
Many companies have balance sheets flush with cash as a result of sharply cutting costs and payroll during the recession, and might want to use that bankroll to fund payouts to shareholders.
For one, rafts of lawsuits seemed inevitable, from Enron's shareholders, its pensioners (whose fund had invested in Enron shares) and others.
The Rock's leading shareholders, SRM and another hedge fund, RAB Capital, have called an extraordinary general meeting of the bank next Tuesday.
Mutual fund directors protect the interests of mutual fund companies, not shareholders.
The ICI has long argued its dues-raising arrangement is reasonable, because many of its activities, including investor education and lobbying for lower fund taxes, benefit shareholders.
Messrs Roubini and Setser accuse the Fund and its major shareholders in the capitals of the rich world of coming close to abdicating their traditional roles.
The money will be used to fund special payments to shareholders who, after years of seeing their shares rise in value, have become frustrated in recent months.
However, surprisingly, when a company had a relatively large number of public pension fund investors amongst its shareholders, they were less likely to dismiss a compromised board member.
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It has no outside shareholders -- unlike almost every large fund vendor, other than the Vanguard Group.
The bid by the Canadian fund was later rejected by shareholders.
Because many shareholders own their shares through a mutual fund, a pension plan, or other investment pool actively managed by a third party, they are indirect or passive owners.
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