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Finance: What is an Approved List? 10162 Views

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Description:

What is an Approved List? Investors give approved lists to their fund managers (brokers). These lists tell the broker what investments they can make according to the investor’s financial goals.

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Transcript

00:00
Finance what is an approved list Well if you're on
00:07
the approved list at the world famous club the magician's
00:11
mansion you can probably sleep into the v i p
00:15
lounge that's the lounge for vanishing invisible people without having
00:20
to wait in line If your publicly traded company is

00:23
on an approved list at a money manager's office well
00:27
your shares could end up in their investment portfolio Active
00:32
money managers have and approved list written out or at
00:36
least in mind to purposely choose and limit the securities
00:40
they can put in their funds Why would they actively
00:45
restrict stock choice Well marketing some investors for example on
00:50
ly want green like a money manager might have a
00:54
fund that's advertised as an ethical fund That might mean
00:58
well you know sin stocks get put on the list
01:01
No tobacco no adult entertainment stocks And even though google
01:05
kind is one facebook and no heart stopping fast food
01:09
stocks you know ethical you get the idea of a
01:13
stock isn't approved Then it will have better luck getting
01:17
into the magician's mansion than into a fund that restricts
01:20
it Oh and yeah this is the v i p 00:01:23.404 --> [endTime] lounge During the busy hour sorry
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