链典4矮降贸多大 高级商务英语阅读 Supplementary Exercises for Chapter 14 The Mutual Fund Mess . Questions on the text: 1.What does the description in the 1st paragraph tell us? 2.What is the secret for some small funds to succeed? 3.How many types of funds do you know,and what are differences? 4.What funds do we have in China? 5.Do you believe that our funds are good investments?Give your reason. ll.Read the following text and choose the best sentences from A to F below to fill in each of the gaps in the text. The central idea of a mutual fund is to enable investors to pool their money and place it under professional investment management.The manager makes the trades,realizing a gain or loss,and collects the dividend or interest income.The investment proceeds are then passed along to the individual investors. 1) _This means that at the end of every day,the investment management company sponsoring the fund issues new shares to investors and buys back shares from investors wishing to leave the fund.A mutual fund can also be a closed-end fund.The sponsor of a closed-end fund registers and issues a fixed number of shares at the initial offering,similar to a common stock. Investors then can buy or sell these shares through a stock exchange.The sponsor does not redeem or issue shares after a closed-end fund is launched,so the investor must trade them through a broker. Mutual funds can invest in many different kinds of securities.2) Stock funds,for instance. can invest primarily in the shares of a particular industry,such as high technology or utilities.These are known as sector funds.Bond funds can vary according to risk (high yield or junk bonds, 第1页共4页高级商务英语阅读 Supplementary Exercises for Chapter 14 The Mutual Fund Mess I. Questions on the text: 1. What does the description in the 1st paragraph tell us? 2. What is the secret for some small funds to succeed? 3. How many types of funds do you know, and what are differences? 4. What funds do we have in China? 5. Do you believe that our funds are good investments? Give your reason. II. Read the following text and choose the best sentences from A to F below to fill in each of the gaps in the text. The central idea of a mutual fund is to enable investors to pool their money and place it under professional investment management. The manager makes the trades, realizing a gain or loss, and collects the dividend or interest income. The investment proceeds are then passed along to the individual investors. 1) ________ This means that at the end of every day, the investment management company sponsoring the fund issues new shares to investors and buys back shares from investors wishing to leave the fund. A mutual fund can also be a closed-end fund. The sponsor of a closed-end fund registers and issues a fixed number of shares at the initial offering, similar to a common stock. Investors then can buy or sell these shares through a stock exchange. The sponsor does not redeem or issue shares after a closed-end fund is launched, so the investor must trade them through a broker. Mutual funds can invest in many different kinds of securities. 2) ________ Stock funds, for instance, can invest primarily in the shares of a particular industry, such as high technology or utilities. These are known as sector funds. Bond funds can vary according to risk (high yield or junk bonds, 第 1 页 共 4 页