February 2003
Beginner
208 pages
4h 55m
English
Content preview from Understanding the Markets
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Chapter 7
Fund management and retail
markets
F
und management is obviously about managing funds and this
can be, and often is, a combination of cash and vehicles for
investment. Personal funds such as cash in hand and cash held in
bank accounts can be committed, i.e. they are needed against
known or expected expenditure and non-committed or excess cash
that is not anticipated to be needed in the short to medium term to
meet current or projected expenditure. The use which this excess
cash can be put to is varied and could range from ‘frivolous or fun
spending’ to investment designed to grow capital and possibly
provide income. Almost certainly we would expect ...
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