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Although the military is fond of saying that the PX system pays for itself because it helps fund on-base recreation programs, Pentagon leaders neglect to mention that the PXs get free buildings and land, free utilities, and free transportation of goods to overseas locations.
Congressmen wanted to spend naval funds on bases near their constituents.
(The number one fund based on a five-year return is Select Electronics with a 34.9% return).
This was challenged by Flooding Minister Dan Rogerson, who said: "The NAO has drawn conclusions on funding based on inappropriate comparisons.
Never decide on which mutual fund to buy based on short-term returns (less that a year or two).
Brazil is currently discussing the creation of a fund based on these two models.
Morningstar Inc. classifies Stratton Growth as a large value fund, based on its investments.
One well-known, but secretive, fund based on Long Island is reputed to charge 5% of assets plus 44% of profits.
An exchange-traded fund based on the Egyptian stock market listed at the NYSE Euronext increased by 5% following the announcement.
Class Photo Fund is based on a crowdsourcing model.
The Europe Pacific fund is based on the Morgan Stanley Capital International EAFE index — for Europe, Australasia and the Far East.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com