Mutual Fund Custodian
Also referred to as a "mutual fund corporation".
Since a mutual fund is essentially a large pool of funds from many different investors, it requires a third-party custodian to hold and safeguard the securities that are mutually owned by all the fund's investors. This structure mitigates the risk of dishonest activity by separating the fund managers from the physical securities and investor records.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
mutual fund custodian — A commercial bank or trust company that holds securities owned by a mutual fund and sometimes acts as transfer agent for the mutual fund. Bloomberg Financial Dictionary … Financial and business terms
Mutual fund fees and expenses — are charges that may be incurred by investors who hold mutual funds. Running a mutual fund involves costs, including shareholder transaction costs, investment advisory fees, and marketing and distribution expenses. Funds pass along these costs to … Wikipedia
Custodian bank — Banking A series on Financial services … Wikipedia
custodian — Either (1) a bank, agent, trust company, or other organization responsible for safeguarding financial assets, or (2) the individual who oversees the mutual fund assets of a minor s custodial account. Bloomberg Financial Dictionary The party that… … Financial and business terms
custodian bank — Applies mainly to international equities. Bank or other financial institution that keeps custody of stock certificates and other assets of a mutual fund, individual, or corporate client. Bloomberg Financial Dictionary See: Depository Trust… … Financial and business terms
Mutual savings bank — For mutual banks, see mutualism (economic theory). Banking A series on … Wikipedia
Hedge fund — A hedge fund is a private investment fund open to a limited range of investors which is permitted by regulators to undertake a wider range of activities than other investment funds and which pays a performance fee to its investment manager.… … Wikipedia
Global Custodian Magazine — Infobox Magazine title = Global Custodian image caption = Global Custodian Fall 2007 Issue Cover editor = Dominic Hobson editor title = Editor in Chief frequency = Quarterly circulation = 20000 30000 (2005) category = Trade journal company =… … Wikipedia
Grameen Fund — infobox company company name = Grameen Fund (GF) company company type = Private foundation = 17 January 1983 location = flagicon|BAN Dhaka, Bangladesh origins = Bangladesh key people = Muhammad Yunus, Chairman of the Board of Grameen Fund and… … Wikipedia
Common contractual fund — A Common Contractual Fund (CCF) is a new collective investment scheme structure in Ireland introduced by the European Communities UCITS Regulations, 2003. The CCF is an unincorporated body established by a management company under which the… … Wikipedia