Saturday, January 8, 2011

Management Investment Company

A Management Investment Company is the formal name for a type of managed fund vehicle in the US. A management investment company is formed as a company and has a board of directors, management, etc; who determine the range of products the company will supply, as well as details such as investment objectives, fund policies, and employing people to run the funds. Management investment companies are regulated under the Investment Company Act of 1940 and may also be under the Securities Exchange Act of 1934.

Synonyms: Investment Management Company, Investment Company, Mutual fund

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