The major participants in the markets are the major financial groups which buy and sell securities for themselves and their clients in very large quantities.
Equity Fund is a fund that invests in stocks, shares, also called equity. This is in contrast to a bond fund, a commodity fund, a currency fond, or an options fund, among others. Just to be clear the equity fund uses its resources in buying stocks.
Fund accounting is full of issues in which the accounting does not reflect the true, intrinsic value of the fund. As in other types of accounting, at best it is a crude approximation as to what is important in the fund. Moreover, its accounting cannot fulfill simultaneously the demands of different groups, among them investors, … Read more