Let's say I have a group of Investors that are willing pony up a Million Bucks to start a Mutual Fund. How do you get started? What is the process for starting an ETF?
2007-02-07 10:55:17 · 3 answers · asked by TJS 2 in Business & Finance ➔ Investing
ETF don't know. For a USA mutual fund, you need at least $50,000 for set up fees. First step, hire a business lawyer. By the way, $1 million is not nearly enough. In order to keep fees reasonable, start with about $50 million. And even then, you may need to forget steak dinners, keep some macaroni and cheese handy.
2007-02-07 12:50:41 · answer #1 · answered by gosh137 6 · 0⤊ 0⤋
aha this is not an easy task and depends on the country you want to start this fund and what nation the the investors have. you can check tha off-shore destinations like the virgin island, cayman islands, or lichtenstein.
cheers
2007-02-07 11:06:34 · answer #2 · answered by daniel m 1 · 0⤊ 0⤋
talk to a banker. duh.
2007-02-07 10:57:47 · answer #3 · answered by jaded_poser 2 · 0⤊ 1⤋