Mutual funds free the individual from many of the administrative burdens of owning individual securities and offer
Question:
Mutual funds free the individual from many of the administrative burdens of owning individual securities and offer professional management of the portfolio. They also offer advantages that are available only to large-scale investors, such as lower trading costs and easier diversification.
On the other hand, funds are assessed management fees and incur other expenses, which reduce the investor’s rate of return. Funds also eliminate some of the individual’s control over the timing of capital gains realizations. LOP5
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
ISE Investments
ISBN: 9781266085963
13th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
Question Posted: