Mutual Funds & ETFs Articles

Is a Time Deposit a Security or a Cash Item?

By James W. Kaiser, CPA Partner, Investment Management Group   Is a Time Deposit a security or a cash item?  The answer is both.  There are very few short-term instruments that are treated as a cash item under the 40 Act. ... More

Are P-Notes Classified As Derivatives Under GAAP?

By James W. Kaiser, CPA Partner, Investment Management Group   I recently received a question regarding a Fund that invests in India through the purchase of Participatory Notes (“P-Notes”).  The question was whether... More

Controlled Foreign Corporations and Commodity Exposure in Mutual Funds

By James W. Kaiser, CPA Partner, Investment Management Group One of my colleagues once said to me, “Why won’t the IRS just let regulated investment companies just invest in commodities?”  Many funds seek the... More