ShmoopTube

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Finance a la shmoop what is a family of funds? a family, a mutual fund family [Family hugging each other]

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that's what we're talking about here you know that go it's the story of a lovely

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mutual fund yeah alright nevermind sorry here are

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the mama bear income funds yeah filled with dividend stocks and bonds safe [Mama bear bowl tips out dividend and bonds]

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steady reliable and here are the Papa Bear growth funds filled with tech

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stocks and risky things that pay no dividend they traded high multiples too...

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just for your pleasure yeah well he's great when he's sober

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that Papa Bear and happy and not in his kind of market ie bear it makes a high

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multiple stock do bad things all right well then there are the baby bear [Baby bear fund blocks building blocks appear]

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funds aw cutie-wootie shmoody pie, here's a small cap fund young companies sowing

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their oats not exactly certain where to urinate.. yeah we've been there it's a

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not a pretty sight and here's an international fund China, Russia, Latin

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America someday maybe Mars and here's an emerging market fund maybe that's where

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Mars belongs....it's really small but it has big hopes like [Ant appears beside a tree]

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that ant and the rubber tree plant alright we won't sing why do we label

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these funds as being a family well because they all live in the same

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investment management house that house might be called fidelity or capital

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research for the American Funds brand or Franklin funds or BlackRock...Fund families

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usually grew up around one or two successful individual funds that funds

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managers garnered a solid reputation among the people who know on Wall Street [People give thumbs up to fund manager]

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and while they simply tacked on additional funds leveraging the

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superstar fund or two that brought them to the dance

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tons of synergies happen when funds exist under one house shared legal work

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shared research analytics shared portfolio management, duties, shared

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brains, shared distribution compliance 12B-1 fees and more brain pulses a lot of

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brains one house lots of funds if you're a partner in one of them well

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financially it's lots of fund....you know it's like a family family affair [Family sitting in a garden eating food]

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