Sentences with phrase «net assets rather»

Instead they chose to set their management fees as a percentage of net assets rather than as a percentage of investment income.

Not exact matches

This continuous pricing and the ability to place limit orders — means the ETF's performance for any given time period is based largely on the market price return during the holding period, rather than on the ETF's net asset value (NAV)-- the value of the stocks held by the ETF.

If done correctly, with an eye not to achieving political or regulatory objectives but rather to eliminating financial distress costs, these can improve the enterprise value of the borrower; to the extent that the lender participates in the upside (and if the performances of the various equity positons emerging from these swaps are uncorrelated), the lender's net asset position can also improve.

But, by multiple accounts, penetration rates still climb incrementally and DPM asset growth continues to be primarily driven by strong net new assets (NNA) rather than continuous top - ups from existing clients.

Abele conceived the idea for Tend when he saw how the leading private banks are increasingly concentrating their efforts on ultra-high net - worth (UHNW) clients with more assets and higher transaction volumes, and rather neglecting the less affluent.

JPMorgan reported a net $ 2.4 billion charge, made up of the impact of repatriation of overseas earnings and adjustments to tax - oriented investments such as affordable housing and energy, but also offset partly by a revaluation of the firm's deferred tax liabilities rather than assets as at other firms.

With this method, assets are measured at their gross book value rather than at net book value in order to produce a higher return on equity (ROE).

Here is an important detail: The starting point against which those gains will be measured isn't the fund's actual net asset value on March 31, but rather the deeply discounted price the new buyers are paying..

The wrap fee is calculated as a percentage of net assets in the clients account rather than on transactions.

The Spain Fund priced at twice net asset value was another example of trading sardines; the only possible reason for buying the Spain Fund rather than the underlying securities was the belief that its shares would appreciate to an even more overpriced level.

Second, one probably can make as good, or even better, forecasts of future earnings or cash flows, by using net asset value, rather than the past earnings record, as a starting point.

ETFs do not have their net asset values calculated each day, as do typical mutual funds, but rather their prices may fluctuate throughout the day based on the rate of demand on the open market.

On page 551 it is stated, «Security analysts — should reflect fully on the rather startling truth that as long as a business remains a private corporation or partnership the net asset value appearing on the balance sheet is likely to constitute the point of departure for determining what the enterprise is «worth.»

The Mutual Fund Series» of the Purpose Funds are issued from the exact same fund as the ETF, but the key difference is that rather than being purchased and sold on the stock exchange, all purchases and redemptions are done through FundSERV using the end of day Net Asset Value («NAV»).

While all asset managers will see AUMs, sales, and profits collapse during bear markets, Franklin is especially at risk because 73 % of its business is retail, rather than institutional or high - net worth clients.

It's also important to keep in mind that because mutual fund assets are publicly - traded, the net asset value of its shares can be highly correlated to the fluctuations of the public market rather than tied solely to the inherent value of its underlying assets.

This market discount may be due in part to the investment objective of long - term appreciation, which is sought by many closed - end funds, as well as to the fact that the shares of closed - end funds are not redeemable by the holder upon demand to the issuer at the next determined net asset value but rather are subject to the principles of supply and demand in the secondary market.

Rather, they insist on enough intrinsic value to exist in the net assets of the company.

With respect to futures contracts that are required to «cash settle,» however, a fund is permitted to set aside or earmark liquid assets in an amount equal to the fund's daily marked to market (net) obligation, if any, (in other words, the fund's daily net liability, if any) rather than the market value of the futures contracts.

Now the Maryland - based business is creating its «Proshares Trust II» a bitcoin ETF that derives its Net Asset Value (NAV) from derivatives rather than holding the currency in reserves.