I have my money invested in several mutual funds with a large mutual fund company. What happens if said mutual fund company goes bankrupt, maybe after fraud or an accounting scandal? Is my money insured in any way, or is it gone?
2007-02-02 16:03:37 · 7 answers · asked by AxelBoldt 2 in Business & Finance ➔ Investing
http://www.sec.gov/answers/sipc.htm
2007-02-02 16:23:02 · answer #1 · answered by jeff410 7 · 1⤊ 0⤋
ETF's, yes. ETN's, maybe not. ETF's are pools of investment money separate from the company that manages the assets. Unless fraud is involved, you have not direct risk. If fraud, then the underlying fraud "insurance" -- details aren't really important here -- will kick in. ETN's are pools of investment money that are in some important ways guaranteed by the company issuing the notes -- underwriters risk. The strength of the company controlling your assets always matters, but risk in these products is not really any greater than in mutual funds and much less than hedge funds.
2016-03-29 02:28:41 · answer #2 · answered by ? 4 · 0⤊ 0⤋
is very hard let a mutual fund company bankrupt, unless there more than 60% unsuccessful investment.
have you read the policy?
it should be in there. my mutual fund is not responsible the lost.
if a mutual fund is bankrupt, you lost what you invest in.
i believe there is nothing getting back!!!
2007-02-02 16:18:58 · answer #3 · answered by chamberportal 2 · 0⤊ 0⤋
that's why they say
it's subjected to market risks...
read the offer doc carefully....
invest in ppf man..
2007-02-02 18:44:27 · answer #4 · answered by antoants 1 · 0⤊ 0⤋
It's like stock. You're toast.
2007-02-02 16:06:56 · answer #5 · answered by Anonymous · 2⤊ 0⤋
you will have money after settling to all like workers,banks etc....
most probably ur the loser....
2007-02-02 16:14:31 · answer #6 · answered by sathish 1 · 0⤊ 0⤋
you lose it.
2007-02-02 16:10:49 · answer #7 · answered by Simon 5 · 0⤊ 0⤋