Innovations such as mutual funds and electronic exchanges have reduced these costs substantially.

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Index exchange-traded funds (ETFs) track benchmarks like index mutual funds but trade on exchanges like stocks.

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Perhaps the best way to invest in a small company like Medidep that is not listed on U.S. exchanges is through a mutual fund.

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The old exchanges with the brightest futures may be those which abandon their mutual structure of ownership and become private companies, as the Milan and Sydney exchanges have done.

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After some initial exchanges with our contact at Northwestern Mutual, we decided to go a step further.

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For its promoters, a River had to be seen as a route for cultural exchanges and Music as a vector for mutual respect.

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We should deepen mutual understanding through communication, increase mutual trust through dialogue, and expand common ground through exchanges.

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The SEC has a broad oversight mission that includes watching over securities exchanges, brokers and dealers, investment advisers and mutual funds.

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For example, ETFs, which trade on exchanges like stocks, usually are more tax efficient than mutual funds.

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