NO.PZ202110280100001301
问题如下:
Determine which of the three investment vehicles is most appropriate for Circue’s IPS. Justify your response.
选项:
解释:
open end funds with an incentive fee is most suitable for Circue’s IPS. because
1、open end funds with lower liquidity Circue can tolerate. hedge fund and closed end fund are less liquid.
2、the cost of hedge fund and closed end fund are higher than open end funds. Circue has a moderate sensitivity to management fees
3、open end funds has a heightened sensitivity to closet indexing,which is suitable for open end funds.