Ticker symbols refer to a letter system representing mutual funds or stocks. These symbols are necessary in tracking and finding security information. This is helpful when you are going to quote a service because you will be required to type a ticker symbol for doing the transaction. The letters or the number of letters contains useful security information.
The ticker symbols of mutual funds consist of five letters ending in “X”. Take for instance the FMAGX represents Fidelity’s Magellan fund and VFINX represents the Vanguard’s Index 500 fund. If it acts as funds on money market, it uses three letters followed by an X.
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Tuesday, November 27, 2007
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