In an attempt to talk Ms. Harlan out of investing in a fund of funds, Mr. Phillips
Question:
In an attempt to talk Ms. Harlan out of investing in a fund of funds, Mr. Phillips addressed the advantages of investing in individual funds. Which of the following would be his most compelling argument?
a. The lower expenses of individual funds
b. The likelihood of style drift in a fund of funds
c. The lack of benchmark for a fund of funds
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Related Book For
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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