14. What are prospectuses?

Prospectus of a fund is a document open-end or closed-end investment funds are required to have and that investors have to read prior to becoming members of the fund. The prospectus is there to provide information to investors about the management company and its fund, the main risk associated and the investment policy of the fund.  There you can find information about:
1) The investment fund,
2) Its management company,
3) Fees and expenses charged,
4) The date of issuance of the prospectus. It is very important for each potential investor to read and understand the content of the prospectus and to get acquainted with the terms offered by the fund as well as the risks and expenses pertaining to the investment.