High Return Investments

Open-End Fund

An Open-End Fund is a mutual fund which can issue and redeem shares at any
time. Most well-known funds, such as Fidelity's Magellan, Vanguard's S&P
500, and PIMCO Total Return, are open-end funds. An investor can purchase
shares in such funds directly from the mutual fund company, or through a
brokerage house. There may be a percentage charge levied on purchase or sale
of shares--in this case, the fund is a "load fund"; if there are no such
charges levied, the fund is "no-load." However, brokerages may charge
commissions for the purchase of even no-load funds, and there may also be
other fees associated with no-load funds, such as yearly maintenance fees in
IRA accounts and redemption fees designed to discourage shareholders from
jumping in and out of funds in an attempt at market timing.

The price per share, or NAV (net asset value), is calculated by dividing the
fund's assets minus liabilities by the number of shares outstanding. This is
usually calculated at the end of every trading day.

Investment FreshNews:

Queenstown edgy as finance companies fail (Stuff)
Fri, 04 Jul 2008 02:10:55 GMT
Queenstown looks set to become the epicentre of a national property development collapse as the finance company meltdown gathers pace.

Finance forecasts higher revenue windfall from oil (Yehey!)
Fri, 04 Jul 2008 03:03:15 GMT
As the government is set to remove tariff on oil due to high prices in the world market, the Department of Finance expects more revenue windfall from value-added tax on petroleum products.

Job losses warning for finance sector (Australian Broadcasting Corporation)
Fri, 04 Jul 2008 00:18:16 GMT
There have been renewed warnings the ongoing credit crisis could result in thousands of job losses in Australia's finance sector.

Government Submits Draft Law To Move Central Bank, Other Finance Institutions To Istanbul (TurkishPress.com)
Fri, 04 Jul 2008 02:55:28 GMT
ANKARA - Turkish government submitted to parliament on Wednesday a draft law to move a number of state finance institutions, including the country`s Central Bank, from capital Ankara to Istanbul, Turkey`s biggest commercial hub.

BIS Group Reports On Ratings Agencies, Structured Finance (Nasdaq)
Thu, 03 Jul 2008 19:30:03 GMT
LONDON -(Dow Jones)- A study group set up by the Bank for International Settlements has made a series of recommendations on the work of credit rating agencies in structured finance markets after assessing their roll in the recent credit market turmoil.

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