Question
1) Micheline has established her investment goals and is looking to invest in a mutual fund that is aligned with hers.She is interested in the
1)Micheline has established her investment goals and is looking to invest in a mutual fund that is aligned with hers.She is interested in the mutual fundRBC U.S. Index Fund - Series A. She is looking for medium risk and is looking to hold this investment for at least 5 years. Her goal is to invest in US holdings with long term capital growth potential. She does not want to pay Management Expense Ratio's (MER's) over 1% and wants a mutual fund that is no load.She has an initial investment of $500 to put down and could put $100 a month on a regular basis to purchase additional units.Does this fund meet all of Micheline's criteria? (go to your browser and enterRBC U.S. Index Fund - Series A Fund Factsor go to the FINA 200Assessments tabfor a copy of theRBC U.S. Index Fund - Series AFund Facts).Note that January 2019 is the latest issue of Fund Facts for this mutual fund asFund Facts are only filed annually or updated in the event of a material change that affects the content of the Fund Facts (e.g., a change in investment objectives, an increase in the management fee)).
a)True
b)False
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