Company that invests the funds of its subscribers in diversified securities and issues units representing shares in those holdings. It differs from an investment trust, which issues shares in the company itself. While investment trusts have a fixed capitalization and a limited number of shares for sale, mutual funds make a continuous offering of new shares at net asset value (plus a sales charge) and redeem their shares on demand at net asset value, determined daily by the market value of the securities they hold.
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Organization founded in 1949 to facilitate and coordinate the economic development of Soviet-bloc countries. Its original members were the Soviet Union, Bulgaria, Czechoslovakia, Hungary, Poland, and Romania; other members joined later, including Albania (1949) and the German Democratic Republic (1950). Its accomplishments included the organization of Eastern Europe's railroad grid, the creation of the International Bank for Economic Cooperation, and the construction of the “Friendship” oil pipeline. After the political upheavals in Eastern Europe in the late 1980s, it largely lost its purpose and power. In 1991 it was renamed the Organization for International Economic Cooperation.
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There were 51 households out of which 37.3% had children under the age of 18 living with them, 70.6% were married couples living together, 5.9% had a female householder with no husband present, and 21.6% were non-families. 19.6% of all households were made up of individuals and 13.7% had someone living alone who was 65 years of age or older. The average household size was 2.59 and the average family size was 2.90.
In the village the population was spread out with 23.5% under the age of 18, 6.8% from 18 to 24, 35.6% from 25 to 44, 18.9% from 45 to 64, and 15.2% who were 65 years of age or older. The median age was 37 years. For every 100 females there were 73.7 males. For every 100 females age 18 and over, there were 77.2 males.
The median income for a household in the village was $50,000, and the median income for a family was $51,875. Males had a median income of $30,750 versus $23,750 for females. The per capita income for the village was $16,722. There were no families and 1.0% of the population living below the poverty line, including no under eighteens and 14.3% of those over 64.
Mutual funds market on the verge of change: There will be new kinds of mutual funds, funds can be bought online, and foreign funds will be marketed in Israel.
May 02, 2007; Byline: Irit Avissar and Hadas Magen May 2--With a series of no less than 15 legislative amendments, the Israel Securities...