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The highest value that has been earned by an investment fund. This value is often used when determining the bonus earned by the fund manager; a fund manager's bonus will be based on the amount of money he or she earned above the high watermark level. If the amount of money earned is below the high watermark level, he or she will not receive a bonus.

• An Explanation of REITs
• Different ETF Investing Styles
• The Federal Reserve Board of Governors
• Initial Public Offerings
• Introduction to Mutual Funds and their Advantages
• What is Investing?

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