Cash is one of the asset classes which may be held by an investment fund manager. Explain
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Question:
Cash is one of the asset classes which may be held by an investment fund manager. Explain one positive and two negative factors relating to a fund manager holding cash in their investment fund.
Question 11 (4 marks )
Explain what is the difference between a fund with the aim of a 'relative return' and a fund with the aim of an 'absolute return' ? (3 marks)
Offer an example of a Fund type which may have an absolute return target (1 marks)
Related Book For
Auditing Cases An Interactive Learning Approach
ISBN: 978-0132423502
4th Edition
Authors: Steven M Glover, Douglas F Prawitt
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