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Episode 82: Mutual Fund Structure (The Separation of Powers)
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Episode Summary
This episode examines the robust legal and administrative architecture designed to keep your money safe when you buy a mutual fund. We deconstruct the critical "separation of powers" between the fund manager and the custodian. In the Canadian mutual fund structure, the brand name on the front of the fund does not hold your cash. Instead, the assets are held by a completely independent, highly regulated custodian. The manager has the authority to make investment decisions…
The skinny
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