What is ‘Z-Share’
A class of mutual fund shares that employees of the fund’s management company are allowed to own. Employees may have the option of buying Z-shares or receiving them as a part of compensation or a reward package.
Explaining ‘Z-Share’
While Z-class shares would be sold at the current net asset value, firms may match the amount of shares purchased to act as a bonus for employees. For example, an entry-level accountant working for a mutual fund firm may purchase 100 shares of the firm’s total market mutual fund; the firm may then give the accountant an additional 100 shares.
Further Reading
- Sharecropping and economic efficiency in Bangladesh – www.jstor.org [PDF]
- The predictability of stock returns: A cross-sectional simulation – www.mitpressjournals.org [PDF]
- China's western development strategy: policies, effects and prospects – mpra.ub.uni-muenchen.de [PDF]
- Economic slowdown and financial fragility: the structural malaise of India's growth process – publications.azimpremjifoundation.org [PDF]
- Essays in Financial and Housing Economics – dash.harvard.edu [PDF]
- Debt, aggregate demand, and the business cycle: an analysis in the spirit of Kaldor and Minsky – www.tandfonline.com [PDF]
- Financing socio‐economic development in the black homelands of South Africa – www.tandfonline.com [PDF]
