Management Investment Company
A management investment company is headed by a CEO, a team of officers and a board of directors. These company leaders choose the types of investment products the company will offer, define the fund's objectives and select the people who will run each fund. Management investment companies are subject to rules set forth in the Investment Company Act of 1940. Registered management investment companies are also subject to the Securities Exchange Act of 1934.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Investment Company — A corporation or trust engaged in the business of investing the pooled capital of investors in financial securities. This is most often done either through a closed end fund or an open end fund (also referred to as a mutual fund). In the U.S.,… … Investment dictionary
Investment Company Act of 1940 — The Investment Company Act of 1940 is an act of Congress. It was passed as a United States Public Law and is codified at usc|15|80a 1 through usc|15|80a 64.Following the founding of the mutual fund in 1924, investors welcomed the innovation with… … Wikipedia
Investment company — An investment company is a company whose main business is holding securities of other companies purely for investment purposes. The investment company invests money on behalf of its shareholders who in turn share in the profits and losses. In… … Wikipedia
investment company — A firm that that invests the funds of investors in securities appropriate for their stated investment objectives in return for a management fee. See also: mutual fund. Bloomberg Financial Dictionary * * * investment company investment company ➔… … Financial and business terms
Income Investment Company — A money management firm whose primary investment goal is to generate income from its investments for its clients. An income investing company typically aims to produce a level of income for its portfolios through investment in bonds and dividend… … Investment dictionary
foreign investment company — A foreign corporation which is either (a) registered as a management company, or a unit investment trust under the 1940 Investment Company Act, or (b) engaged in the investment business at a time when a majority interest is held by United States… … Ballentine's law dictionary
income investment company — A management company focused on managing a mutual fund whose primary purpose is income generation, typically investing in bonds and high dividend yielding stocks. Bloomberg Financial Dictionary … Financial and business terms
International Petroleum Investment Company - IPIC — The International Petroleum Investment Company (IPIC) is a government owned investment organization that manages the sovereign wealth fund for Abu Dhabi, United Arab Emirates. The purpose of the IPIC is to invest internationally within the… … Investment dictionary
Open-ended investment company — An Open ended investment company (abbreviated to OEIC, pronounced oik ) or Investment Company with Variable Capital (or ICVC) is a type of open ended collective investment formed as a corporation under the Open Ended Investment Company… … Wikipedia
Centum Investment Company Limited — Type Public: NSE USE: ICDC Industry Equity Investments Founded 1967 Headquarters Nairobi, Kenya Key people … Wikipedia