1. In an attempt to persuade Ms. Harlan away from investing in a fund of funds, Mr....

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1. In an attempt to persuade Ms. Harlan away from investing in a fund of funds, Mr. Phillips addressed the advantages of investing in individual funds. Which of the following would be his most compelling argument?

a. The lower expenses of individual funds

b. The likelihood of style drift in a fund of funds

c. The lack of a benchmark for a fund of funds

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Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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