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.
Funds â When you buy a fund (such as an ETF, mutual fund, or index fund), you are buying a group of securities, such as stocks, bonds, and other commodities. This means you buy one fund that is already diversified in itself. A mutual fund is a group of investments, including stocks, bonds, and other securities. 2  Mutual funds are managed by a professional advisor at the cost of a management fee. 3  The average management fee is between 0.5% and 1.0% of all funds.