Edouard and Lucie have $10,000 to invest and they approach Benito, their agent. Benito discusses the...

 

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Edouard and Lucie have $10,000 to invest and they approach Benito, their agent. Benito discusses the attributes of Segregated Funds with them and the attractive features they offer. To provide a full and balanced explanation, Benito also discusses some of the drawbacks with Segregated Funds. Which of the following statements about the drawbacks of Segregated Funds is correct? Segregated funds usually have minimal information available on the funds, both before and after purchase. Segregated funds are not covered by investor protection whereas mutual funds are covered. Segregated funds do not provide liquidity or redemptions whereas mutual funds can be redeemed. Segregated funds normally have higher fees than mutual funds, charged as the management expense ratio (MER). Jhy Edouard and Lucie have $10,000 to invest and they approach Benito, their agent. Benito discusses the attributes of Segregated Funds with them and the attractive features they offer. To provide a full and balanced explanation, Benito also discusses some of the drawbacks with Segregated Funds. Which of the following statements about the drawbacks of Segregated Funds is correct? Segregated funds usually have minimal information available on the funds, both before and after purchase. Segregated funds are not covered by investor protection whereas mutual funds are covered. Segregated funds do not provide liquidity or redemptions whereas mutual funds can be redeemed. Segregated funds normally have higher fees than mutual funds, charged as the management expense ratio (MER). Jhy

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Ans Option c is correct A segregated fund ... View the full answer