Annabel Brodie-Smith, communications director at the Association of Investment Companies
(AIC) said: "The investment company sector has a long and proud history of delivering returns for shareholders, and what many shareholders are increasingly looking for is a reliable dividend in unreliable times.
Some 10 investment companies
broadened their investment remit in 2009 (compared to just six in 2008), illustrating the role of the independent Board in ensuring investment companies
continue to maintain their relevance and potential.
The financing squeezeIn Kuwait, investment companies
are prevalent; with around 100 registered investment companies
(46 of which are listed on the Kuwait Stock Exchange) and several other industrial and real estate companies with large investment portfolios.
Other investment companies
in the sector are also reported to be in difficulties.
For those entities that are investment companies
under the SOP, it also addresses whether the specialized industry accounting principles of the Guide should be retained by a parent company in consolidation or by an investor that has the ability to exercise significant influence over the investment company and applies the equity method of accounting to its investment in the entity (referred to as an equity method investor).
obligations that accrued through regulated investment companies
from their taxable income, but only if the regulated investment company (or, as is usually the case, a designated fund of the company) meets the 50% U.S.
The survey covered 31 investment companies
overseeing pounds 17bn of assets and 170 IFAs.
The company's strong growth made it a target of investment companies
, and Chicago-based private-equity firm Madison Capital Partners bought the company in 1997.
Open-end investment companies
, commonly known as mutual funds, do not issue shares in their funds for resale to other potential shareholders.
But in 1997, the chief of the division that enforces the rules and regulations covering investment companies
(the formal name for mutual funds), called attention to potential abuses, including market timing.
Chapters cover such topics as securities regulation, exemptions from registration, proxies, liabilities, registration, tender offers, fraud liability, insider reporting, SEC enforcement, market regulation, investment companies
, advisors, and privacy rules.
That message was loudly echoed throughout Southern California's lush Ojai Valley Inn and Spa where more than 170 venture capitalists and investment bankers gathered at the recent conference of the National Association of Investment Companies
(NAIC), the trade association for investment companies
that invest in minority business'.