Usa "investment trust" in una frase
investment trust frasi di esempio
investment trust
1. There are 3 types of mutual funds: open-end, unit investment trust, and
2. , a real estate investment trust, or REIT
3. Instead of price/earnings ratios, the column for investment trusts shows ‘NAV’, which stands for net asset value
4. That is a calculation of the investment trust’s holdings as a value per share
5. This has the advantage of spreading holdings over a larger number of investments than any single member could manage, without having to pay the fees of a unit or investment trust or other professional management company
6. You forfeit the expertise of the unit and investment trust people but have the fun of picking your own shares (or any sort of investment) and get a social occasion thrown in as a bonus
7. , by specialists who buy large blocks in anticipation of a quick rise); and on the other hand, in 1929 Radio Corporation of America common was widely regarded as an investment, to the extent in fact of being included in the portfolios of leading “Investment Trusts
8. In its complete subordination of the income element to the desire for profit, and also in the prime reliance it places upon favorable developments expected in the future, the new-era style of investment—as exemplified in the general policy of the investment trusts—is practically indistinguishable from speculation
9. In the same way the lenders of money to an investment trust should be entitled to demand that the value of the portfolio continuously exceed the amount of the loans by an adequate percentage, e
10. If the market value should decline below this figure, the investment trust should be required to take the same action as any other borrower against marketable securities
11. Example: The theoretical and practical advantage of subscription-warrant issues in this respect may be illustrated in the case of Commercial Investment Trust Corporation 6½% Preferred
12. Real estate investment trusts and income trusts, which must pay out virtually all their income to shareholders, are similarly reluctant to reduce their stated distributions
13. A moment’s thought will show that “new-era investment,” as practiced by the public and the investment trusts, was almost identical with speculation as popularly defined in preboom days
14. It suffered from the fatal weakness that investment trusts could be organized only in good times, so that they were virtually compelled to make their initial commitments in bull markets
15. Analysis Abandoned by Investment Trusts
16. Investment trusts actually boasted that their portfolios consisted exclusively of the active and standard (i
17. With but slight exaggeration, it might be asserted that under this convenient technique of investment, the affairs of a ten-million-dollar investment trust could be administered by the intelligence, the training and the actual labors of a single thirty-dollar-a-week clerk
18. This philosophy of investment is set forth at some length in the 1938 report of National Investors Corporation, an investment trust, from which we quote as follows:
19. This view runs counter to the convictions and practice of most people seeking to invest in equities, including practically all the investment trusts
20. Methods Used by Investment Trusts in Reporting Sale of Marketable Securities
21. A minority of investment trusts reduced the carrying price of their portfolio to the market by means of charges against capital and surplus
22. Assuming that an investment trust has done substantially better than the relevant “average,” this is of course a prima facie indication of capable management
23. The fact that the operations of financial institutions generally—such as investment trusts, banks and insurance companies—must necessarily reflect changes in security values makes their shares a dangerous medium for widespread public dealings
24. This practice was most in evidence among the investment trusts
25. Similar allowances must be made for the effect of management contracts providing for a substantial percentage of the profits as compensation, as in the case of investment trusts
26. , an investment trust, has outstanding preferred stock entitled to $3 cumulative dividends and to $50 or $55 in liquidation, but its par value is $10
27. 572) should make clear that Shawmut Association stock cannot be less safe intrinsically than the Investment Trust senior debentures at 85
28. In addition to having this greater protection the Association stock represents the entire ownership of the company’s assets, whereas the interest of the Investment Trust bonds is limited to their principal amount, the balance of the equity belonging to the junior holders
29. That the Shawmut Association stock is more attractive than the Investment Trust debentures at the prices quoted is scarcely open to challenge
30. The Investment Trust bonds do carry a certain assurance of continued income, because interest must be paid regularly or else the company faces insolvency
31. (This is not entirely so in fact, since the penalty clauses in the Revenue Act virtually compel disbursement of the net income realized by investment trusts
32. , Commercial Investment Trust Corporation in November 1939) and even preferred stock (e
33. This example is representative of the investment trust financing of the period
34. A new investment trust—such as Petroleum Corporation in January 1929—starts with two assets: cash and management
35. The investment trusts were new enterprises; their management and their bankers were generally identical; the compensation for financing and management had to be determined solely by the recipients, without accepted standards of reasonableness to control them
36. The investment trusts, with all their facilities for discovering opportunities of this type, have paid little attention to them—partly, it is true, because they are difficult to buy and sell in the large quantities that the trusts prefer, but also because of their conviction that however good the statistical exhibit of a secondary company may be it is not likely to prove a profitable purchase unless there is specific ground for optimism regarding its future
37. Investment trusts, common stock investing by, 360–361
38. For example, Commercial Investment Trust $6 Convertible Preference, Optional Series of 1929, gave the holder the option to take his dividend at the annual rate of one-thirteenth share of common instead of $6 in cash
39. on Investment Trusts and Investment Companies
40. ’s Over-all Report on Investment Trusts, Part III, Chapter VI, Sections II and III, released February 12, 1940
41. Real Estate Investment Trust shares had typical price fluctuations after 1969
42. When real estate investment trusts (REITs) became a fashionable investment, they grew in number from 30 to around 350
43. The best example of this is investment trusts, where “true” earnings results are measured by changes in net asset value, as measured by stock market prices adjusted for dividend distributions
44. In an investment trust, one knows the value of the portfolio with precision, based on what the closing prices are and/or what the mean between bid and asked is (where no stock sale has occurred)
45. Equity real estate investment trusts, on the other hand, may have a portfolio that would be readily convertible into cash over a period of a month or two, but because there is no daily price quotation for the real estate portfolio, its asset value can only be roughly estimated on any given day
46. Therefore, the value of the real estate asset portfolio is not given the same weight as the value of an investment trust portfolio, even though in the case of large investment trusts blockage would prevent liquidation of the portfolio in less than a few months’ time at any prices other than those reflecting a large discount from market
47. If management wanted to continue in business, Target might become an investment trust,a or it might be able to buy certain other businesses
48. aTarget’s becoming an investment trust is a principal component of a form of transaction that has come to be known as the most common type of leveraged buyout
49. Third, Target converts into an open-end investment trust, that is, a mutual fund, whose investments are restricted to tax-free securities issued by city and state governments
50. Real estate investment trusts (REITs) and many finance companies follow such policies
