discretionary funds
funds broker can manage without consulting client funds managed at the discretion of a broker without the broker needing to refer to the owner for prior permission
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funds broker can manage without consulting client funds managed at the discretion of a broker without the broker needing to refer to the owner for prior permission
Contrast this with a fund that passively tracks a cap-weighted index such as the UK equity market cap-weighted index. In the 1970s this was completely biased toward consumer discretionaries at the worst possible moment. In the 1980s it was completely biased toward oil stocks at the worst possible
By Yves Choueifaty
” describes the areas the asset manager is authorized by the client to invest his/her money in. Passive management aims to replicate the performance of an index, whereas active management involves discretionary decisions in an attempt to beat the returns from an index.
The music school’s endowment was not sufficient to support its plans for growth, which would require, among other things, building a new dormitory. In the past, the institution had relied primarily on members of the board and the president of the college to raise funds for the endowment through personal appeals to friends and associates, but it was clear to senior management that the amount now needed was far in excess of what they could possibly raise themselves
By Beverly Goldberg
positive cash flow to fund dividends/growth as well as capital expenditure.
Definitions of ’discretionary funds’ and meaning of ’discretionary funds’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’discretionary funds’ and other financial terms with our online QFINANCE Financial Dictionary.