During market declines, mutual fund managers may be forced to sell securities at undesirable prices to raise sufficient cash to meet investors' redemption requests. Generally, this not only goes against the manager's better judgment but also negatively affects the fund's long-term performance. In contrast, individually managed accounts are not affected by the decisions of other investors who use the same manager. The ebb and flow of information Mutual fund investors generally receive quarterly statements listing the number of shares they own in the fund's common pool of investments and the value of those shares as of the end of the statement period. Additionally, they receive semi-annual reports that describe the fund's performance and provide a listing of the current market value of each security held by the fund.
Some mutual funds mail periodic newsletters to their shareholders.
Unless investors buy or sell shares in the fund, however, they are usually not provided with any further information. In addition, managed account statements provide information about the account's performance, dividends and income, capital gains or losses and other pertinent items. Managed account investors often receive monthly letters, quarterly newsletters and periodic investment literature from the portfolio manager as well. Can also call toll-free number. Call toll-free phone number and talk to sales representative.