Mutual Fund and ETF Operations
This one-day program provides an introduction to the structure of mutual funds and ETFs, with an emphasis on the operational functions that support these businesses. The different types and classes of mutual funds, ETFs, and other fund products available to investors will be described and compared. Participants will gain an understanding of the variety of distribution channels for fund products. The program content covers revenue-sharing agreements, sales charges, 12b-1 fees and how they are assessed. Differentiation between those expenses allocated to the fund investors and the fund manager will be made. The players and their roles, including the Fund Manager, the Fund Distributors, the Transfer Agent, the Fund Administrator, and the Custodian, will be thoroughly examined, as well as the industry’s regulatory framework. The order process for sales and redemptions through the final account will be analyzed.