Question: Below is the return performance for 3 new ESG focused mutual funds (environmental, social and corporate governance) a. (3 marks) Which fund has the best

Below is the return performance for 3 new ESG focused mutual funds (environmental, social and corporate governance) a. (3 marks) Which fund has the best performance? You must show your work b. (2 marks) You notice the first two funds are open end mutual funds, while Fund 3 is a closed end mutual fund. Explain the primary difference between the two types of funds. c. (2 marks) Discuss the additional risk associated with closed and funds relative to open end funds. Fund 1 Fund 2 Fund 3 Time since inception 120 days 3 weeks 14 months Return since inception 5.5% 0.4% 16.7%

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