Chapter 7 Flashcards Preview

Investments Test 2 > Chapter 7 > Flashcards

Flashcards in Chapter 7 Deck (10):
1

The extent to which the price of a closed end investment company’s stock is below its net asset value

Discount ( from net asset value)

2

The extent to which the price of a closed end investment company’s stock exceeds the shares net asset value

Premium (over net asset value)

3

A passive investment company with a fixed portfolio of assets that are self-liquidating

Unit trust

4

Closed-end investment company that specializes in real estate or mortgage investments

Real estate investment trust (REIT)

5

A real estate investment trust that specializes in acquiring real estate for subsequent income

Equity trust

6

A real estate investment trust that specializes in loans secured by real estate

Mortgage trust

7

Mutual funds whose portfolios include securities of firms with international operations that are located throughout the world

Global funds

8

American mutual funds whose portfolios are limited to non-American firms

International funds

9

Mutual funds in a particular geographical area

Regional funds

10

Investment company that specializes in securities from less developed countries

Emerging market fund