Mutual Fund Timing

Mutual Fund Timing

The practice of buying and selling shares in a mutual fund in order to profit from changes to its closing price each trading day. This is legal, but it can harm long-term investors in the mutual fund. As a result, most mutual funds charge a redemption fee on shareholders who sell their shares before a certain number of days have passed. Mutual fund timing should not be confused with market timing, which is a different concept altogether.
References in periodicals archive ?
Blake, 2009, "An Examination of Mutual Fund Timing Ability Using Monthly Holdings Data," Review of Finance 15, 1-27.
Bryceland in the mutual fund timing and late trading cases.
Bryceland was previously dropped as a defendant from other civil cases in which it was alleged he had a role in mutual fund timing at Bank of America.
Lipson noted in the letter that William Morris, Tri-Continental's Chairman, is named in an investigation by the New York State Attorney General, and that the Attorney General has determined to commence an action against Seligman for fraud relating to alleged mutual fund timing activities in certain funds managed by Seligman.
April 7, 2006 Dear Fellow Stockholder: Time for a Change Do you know that Seligman, your fund manager, is the target of a mutual fund timing inquiry by the New York Attorney General including fraud and deception allegations involving over $80 million?
This matter is related to In re Mutual Fund Timing Litigation, MDL-1586, now pending in the United States District Court for the District of Maryland before the Honorable J.
Our ETFs provide a sound alternative to investors concerned with mutual fund timing and product transparency issues," said John Southard, Managing Director for PowerShares.
The network consists of ten sites specializing in everything from Automatic Investment Management to conservative Mutual Fund Timing Services.
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