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.
Basics of mutual fund trading Mutual funds are professionally managed portfolios that pool money from multiple investors to buy shares of stocks, bonds, or other securities. The minimum initial investment for most mutual funds ranges from $1,000 to $10,000 but there are no investment minimums for additional purchases.