QUE 1(a)// Describe the process of creating an exchanged - traded fund (EFT) . How does it differ from the process by which an open - end fund is created ?

QUE 1(b)//

For each pair of funds listed below, select the one that is likely to be less risky. Briefly explain your answer. a.) Growth versus growth-and-income funds. b.) Equity-income versus high-grade corporate bond funds. c.) Balanced versus sector funds. d.) Global versus value funds. e.) Intermediate-term bonds versus high-yield municipal bond funds. f.) Target date fund with a target date of 2020 vs. one with a target date of 2040.

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