对外经济贸易大学：《金融英语阅读》课程教学资源（授课教案）Chapter 10 Investment Products and Services Provided by Insurers

尉计酒价質多本孝 195 UNVERSITY OF INTERNATONAL BUS NESS AND ECONOMCS Chapter 13 Investment Products and Services Provided by Insurers CASIO

Chapter 13 Chapter 13 Investment Products and Services Investment Products and Services Provided by Insurers Provided by Insurers

1.教学目的 By the end of the chapter,students should be able to know about >the types of investment products and services provided by insurers discussed by the text >the respective features of the investment products and services mentioned >the respective advantages and disadvantages of the investment products and services mentioned 数更价首5大考

I. 教学目的 By the end of the chapter, students should be able to know about ¾the types of investment products and services provided by insurers discussed by the text ¾the respective features of the investment products and services mentioned ¾the respective advantages and disadvantages of the investment products and services mentioned

II. 教学计划 This chapter will cover 3 hours.2 hours will be contributed to explanation of the words, phrases and sentences.The other 1 hour will be devoted to discussion and questions and answers. 数更价首5大

II. 教学计划 This chapter will cover 3 hours. 2 hours will be contributed to explanation of the words, phrases and sentences. The other 1 hour will be devoted to discussion and questions and answers

.教学方法 Translation:key sentences and terms Paraphrasing:major words and s sentences > Summarizing:important paragraphs Discussion:key issues Questions and answers 数更价首5大4

III. 教学方法 ¾ Translation: key sentences and terms ¾ Paraphrasing: major words and sentences ¾ Summarizing: important paragraphs ¾ Discussion: key issues Questions and answers

V.背景知识 Few,if any,i investment vehicles can match the convenience and other benefits offered by investment companies,which include three main types:mutual funds,closed-end funds,and unit investment trusts. And the chapter concentrates on the study of mutual funds 数更价首5大4

IV. 背景知识 Few, if any, investment vehicles can match the convenience and other benefits offered by investment companies, which include three main types: mutual funds, closed-end funds, and unit investment trusts. And the chapter concentrates on the study of mutual funds

Mutual fund is an investment company that pools money from shareholders and invests in a diversified portfolio of securities.An estimated 91.2 million individual Americans in 53.3 million U.S.households own mutual fund shares. 数更价首5大考

Mutual fund is an investment company that pools money from shareholders and invests in a diversified portfolio of securities. An estimated 91.2 million individual Americans in 53.3 million U.S. households own mutual fund shares

Investment Company Institute (ICI),a national association of the investment company industry in the US,provides an overview of the types of mutual funds and how they operate. There are four basic types of mutual funds:stock (also called equity),bond,hybrid-which invest in mix of stocks and bonds-and money market. 数更价首5大考

Investment Company Institute (ICI), a national association of the investment company industry in the US, provides an overview of the types of mutual funds and how they operate. There are four basic types of mutual funds: stock (also called equity), bond, hybrid—which invest in mix of stocks and bonds—and money market

Money market funds are referred to as short-term funds because they invest in securities that generally mature in about one year or less,whereas stock,bond. and hybrid funds are known as long-term funds. According to statistics from ICI,of the total $7.414 trillion invested in mutual funds at the end of 2003. $3.683 trillion was invested in stock funds,$1.240 trillion in bond funds,$436.6 billion in hybrid funds. and $2.053 trillion in money market funds. 数更价首5大考

Money market funds are referred to as short-term funds because they invest in securities that generally mature in about one year or less, whereas stock, bond, and hybrid funds are known as long-term funds. According to statistics from ICI, of the total $7.414 trillion invested in mutual funds at the end of 2003, $3.683 trillion was invested in stock funds, $1.240 trillion in bond funds, $436.6 billion in hybrid funds, and $2.053 trillion in money market funds

The Evolution of REITs US Congress created REITs in 1960 to give anyone and everyone the ability to invest in large-scale commercial properties.The REIT industry has grown dramatically in size and importance since then,and during the last decade in particular.There are approximately 180 publicly traded REITs in the U.S. today,with assets totaling $375 billion.The shares of these companies are traded on major stock exchanges, which sets them apart from traditional real e estate Other REITs may be publicly-registered but non- exchange traded or private companies 岁1重价首大考

The Evolution of REITs US Congress created REITs in 1960 to give anyone and everyone the ability to invest in large-scale commercial properties. The REIT industry has grown dramatically in size and importance since then, and during the last decade in particular. There are approximately 180 publicly traded REITs in the U.S. today, with assets totaling $375 billion. The shares of these companies are traded on major stock exchanges, which sets them apart from traditional real estate. Other REITs may be publicly-registered but non￾exchange traded or private companies

Quality rating or normally credit rating is an independent assessment of the creditworthiness of a bond (note or any security of indebtedness)by a credit rating agency.It measures the probability of the timely repayment of principal and interest of a bond. Generally,a higher credit rating would lead to a more favorable effect on the marketability of a bond.The credit rating symbols (long-term)are generally assigned with "triple A"as the highest and "triple B" (or Baa)as the lowest in investment grade.Anything below triple B is commonly known as a "junk bond." World famous credit rating agencies include Fitcher, Standard Poor's Ratings Services and Moody's. 数更价首5大考

Quality rating or normally credit rating is an independent assessment of the creditworthiness of a bond (note or any security of indebtedness) by a credit rating agency. It measures the probability of the timely repayment of principal and interest of a bond. Generally, a higher credit rating would lead to a more favorable effect on the marketability of a bond. The credit rating symbols (long-term) are generally assigned with "triple A" as the highest and "triple B" (or Baa) as the lowest in investment grade. Anything below triple B is commonly known as a "junk bond." World famous credit rating agencies include Fitcher, Standard & Poor’s Ratings Services and Moody’s