The French presidency is based on a semi-presidential system where both a president and a prime minister are active participants in the day-to-day administration of the state. France's president appoints a prime minister, who then forms a government.
The Portfolio Management Rating is the same as our Stock Rating except that we incorporate Asset Allocation in the Portfolio Management Rating. The Total Annual Costs Rating captures the all-in cost of being in a fund over a 3-yr holding period, the average holding period of all mutual fund investors.
A fund's prospectus usually dictates theamount of a company's stock that a mutual fund owns. Mutual funds usually have set rules and restrictions that dictate the amount of a company's stock that a mutual fund manager can buy for the portfolio.If the rules and restriction of the mutual fund sets the limit at 10%, then a mutual fund manager may only purchase up to 10% of a company's stock. fund's prospectus usually dictates theamount of a company's stock that a mutual fund owns. Mutual funds usually have set rules and restrictions that dictate the amount of a company's stock that a mutual fund manager can buy for the portfolio.