State Street Corporation Interview Questions, Process, and Tips

Fund accounting is a specialized accounting system used by investment companies to track and manage their portfolio of investments.

• It involves tracking the performance of individual investments and calculating the net asset value (NAV) of the fund.

• It also involves ensuring compliance with regulatory requirements and preparing financial statements for investors.

• Examples of investment companies that use fund accounting i...read more

Corporate actions refer to events initiated by a publicly traded company that can impact its shareholders and the value of its securities.

• Corporate actions include events such as stock splits, dividends, mergers, acquisitions, rights issues, and spin-offs.

• These actions can affect the ownership structure, share price, and overall value of a company.

• For example, a stock split may increase the number of shares outstanding...read more

Yes, dividends impact NAV (Net Asset Value).

• Dividends are a distribution of a portion of a company's earnings to its shareholders.

• When a company pays out dividends, it reduces its retained earnings and cash balance.

• As a result, the NAV of a fund that holds shares of the company will decrease.

• The impact of dividends on NAV depends on the size of the dividend and the fund's holdings.

• For example, if a fund holds a signifi...read more