Describing a Mutual Fund
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Please answer only if you know how to do it. This is the problem.
Mutual fund: Fidelity International Growth Fund (FIGFX)
http://finance.yahoo.com/q?s=FIGFX
1) Provide SIZE, TURNOVER and FEE STRUCTURE
2) Performance during the past 5 years (No computation is needed if info is available online)
3) If I invested $10,000 on 10/31/2012 what is the actual return for the fund over the 12 months ending on 10/31/2013
4) Management fees charged by the fund? Is this reflected in the assessment of return (question 3)?
5) What is the appropriate benchmark for the Fund? Would the investor have been better off if they had been able to invest in the benchmark?
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Solution Summary
The solution uses Yahoo Finance to find some key details about a mutual fund.
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1) Provide SIZE, TURNOVER and FEE STRUCTURE
(on the main page)
Size = net assets = $765.38 million
2) Performance during the past 5 years (No computation is needed if info is available online)
(After clicking the "Performance Details" link)
Performance during the past 5 years = 5-Year Average Return = 20.53%
3) If I invested $10,000 on 10/31/2012 what is the actual return for the fund over the 12 months ending on 10/31/2013
(Click "Historical Prices" and then enter date range 10/31/2012 to 10/31/2013)
We want to look at the ...
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