金融英语技能训练Lecture 7 Mutual funds.pdfVIP

Lecture 7 Mutual Funds 共同基金 Learning Objectives  Expand lecture-topic-related vocabulary  Take effective notes on the lecture  Retell information from notes  Accomplish listening tasks  Write an effective lecture summary  Expand reading into lecture topic  Translate an article into Chinese  Discuss topics related to mutual funds Stage 1 Dictation 1. portfolio 2. diversification 3. economies of scale 4. brokerage house 5. securities firm 6. money market instrument 7. investment company 8. King William I 9. Adriaan van Ketwich 10.redeemable 11.savings account 12.high-yield bond 13.capital appreciation 14.Dividend 15.weighting 16.common stock 17.capital gain 18.municipal bond 19.undervalue 20.stock index Stage 2 Listening Comprehension 1. Why do individual investors choose mutual funds to park their money? 2. What is mutual fund? 3. How does an open-end fund differ from a closed- end fund? 4. What are the primary varieties of mutual funds? 5. What is balanced fund? 6. What is specialty stock fund? Answers to Listening Comprehension 1. Because they can obtain the benefits of professional management, risk reduction by diversification, and lower transaction costs. 2. It is a collection of bonds, stocks, short-term money market instruments, and/or other securities bought with the money of a group of people . 3. An open-end fund can issue as many shares as demanded, while a closed-end fund is limited to a fixed amount of capital to be raised through IPO. In addition, the shares of open-end funds are redeemable, while those of closed-end funds are not. 4. They are money market fund, bond fund and equity fund. 5. It is a single portfolio made up of stocks, bonds, and sometimes, money market secu