An investment trust that invests in a predefined portfolio of bonds and/or stocks that have been professionally selected by the company. Similar to some classes of mutual funds, these trusts are closed-ended and are not actively managed. The securities in the portfolio are fixed, and units can only be sold after the initial buying phase. These units tend to have a predefined life of a handful of years, after which they are liquidated and the proceeds are returned to the investors. A defined portfolio can trade at different prices throughout the day. Units of a defined portfolio are priced by supply and demand, which can lead to discrepancies in pricing from the net value of its underlying assets. Mutual funds can be out of sync with their net asset values (NAV), but are only priced once a day at the NAV as of the close of trading.
An index that measures the overall direction of commodity sectors. The CRB was designed to isolate and reveal the directional movement of prices in overall commodity trades. |||Generally commodity prices move opposite to bond prices. This is because inflation causes commodities to increase in price while devaluating the price of bonds. This is one of the reasons that the CRB is so closely watched by both bond and commodity traders.
When gross domestic product (GDP) growth slides back to negative after a quarter or two of positive growth. A double-dip recession refers to a recession followed by a short-lived recovery, followed by another recession. The causes for a double-dip recession vary but often include a slowdown in the demand for goods and services because of layoffs and spending cutbacks from the previous downturn. A double-dip (or even triple-dip) is a worst-case scenario. Fear that the economy will move back into a deeper and longer recession makes recovery even more difficult.
A type of good that is consumed every day by the average consumer. The goods that comprise this category are ones that need to be replaced frequently, compared to those that are usable for extended periods of time. While CPGs represent a market that will always have consumers, it is highly competitive due to high market saturation and low consumer switching costs. |||The consumer packaged goods industry is one of the largest in North America, valued at approximately US$2 trillion. Although growth has slowed in this industry, companies that provide CPGs still benefit from large margins and strong balance sheets. Some basic examples of CPGs are food and beverages, clothing, tobacco and household products.
A sales charge or fee that is assessed when an investor sells certain classes of fund shares before a specified date. Deferred loads usually run on a flat or sliding scale for one and seven years after purchase, with the load/fee eventually dropping off to zero. Deferred loads are most often assessed as a percentage of assets. Deferred loads are becoming a much less-used feature of investment companies, thanks to the exploding popularity of exchange-traded funds (ETFs) and no-load mutual funds. Investors now have thousands of choices in the no-load arena, although deferred loads are still found in many types of insurance products, such as annuities and even in many hedge funds. These types of charges are typically put in place to discourage against short-term investment in favor of a buy-and-hold strategy amongst its investors.
A meeting that takes place over an electronic medium rather than in the traditional face-to-face fashion. The most common form of an e-meeting is done through web-based software which allows individuals and groups from around the globe to facilitate meetings without physically travelling to an agreed upon location. The most important aspect to the majority of web-based e-meeting software is Voice over Internet Protocol, or VoIP. VoIP allows voice transmission over the internet, which is the key to facilitating a real-time e-meeting. Some software also allows participants to create graphs and charts in real-time, as well as record and save the entire meeting so it can be reviewed at a later date.
The currency abbreviation or currency symbol for the Norwegian krone (NOK), the currency of Norway. The Norwegian krone is made up of 100 øre and is often represented by the symbol kr. The name "krone" means "crown" in English. |||The krone replaced the Norwegian speciedaler at a rate of 4 kroner to 1 speciedaler in 1875 when Norway joined the Scandinavian Monetary Union. When then the union was dissolved in 1914, Norway continued to use the krone as a seperate currency - the Norwegian krone.
A regulatory agency charged with overseeing financial products and services that are offered to consumers. The Consumer Financial Protection Bureau is divided into several units, including: research, community affairs, consumer complaints, the Office of Fair Lending and the Office of Financial Opportunity. These units work together to protect and educate consumers about the various types of financial products and services that are available. |||The Consumer Financial Protection Bureau was created by the Dodd-Wall Street Reform and Protection Consumer Act of 2010. The CFPB is headed by a chief who is appointed by the President for a five-year term. The bureau is also assisted by a Consumer Advisory Council, composed of at least six members who are recommended by regional Federal Reserve presidents.
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