Suppose one of Fidelitys mutual funds closely mimics the S&P 500 Index. The fund has done very
Question:
Suppose one of Fidelity’s mutual funds closely mimics the S&P 500 Index. The fund has done very well during the year, and, in November, the fund manager wants to lock in the gains he has made using stock index futures. Should he take a long or short position in S&P 500 Index futures?
Mutual FundsMutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...
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Short the index futures If the SP ...View the full answer
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Related Book For 
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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