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Quotes of the day:
If we want a love message to be heard, it has to be sent out. To keep a lamp burning, we have to keep putting oil in it.
A new fund offer (NFO) is the first subscription offering for any new fund offered by an investment company. A new fund offer occurs when a fund is launched, allowing the firm to raise capital for purchasing securities. Mutual funds are one of the most common new fund offerings marketed by an investment company. The initial purchasing offer for a new fund varies by the fund’s structuring.
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