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A friend has asked you for some investment advice. They have $10,000 to invest in something that is professionally managed, but since your friend is

A friend has asked you for some investment advice. They have $10,000 to invest in something that is professionally managed, but since your friend is very fee-conscious they want to minimize the cost. Which of the following is likely to be a good option for your friend?

A portfolio of Exchange-traded Funds

A mix of Segregated Funds

A collection of actively-managed Mutual Funds

Various Hedge Funds

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