Currency trading course – The cost of this work is spread over Tri-Continental and the associated mutual investment companies in proportion to their size.
The result has been a reduction in the burden of operating expenses (including all officers' salaries and costs), which in 1961 amounted to only 0.20 per cent of assets. Union Service Corporation has a staff of about 100. It serves exclusively Tri-Continental and three mutual funds: Broad Street Investing Corporation, National Investors Corporation, and Whitehall Fund, Incorporated. Union Service handles administrative tasks, such as accounting, corporate record-keeping, and office service. The main function is to provide investment research and management.
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