Assignment: 1. Assume you are an investment advisor. Your client is unsure what are the main benefits and reasons for investing in a Mutual Fund or in an index fund with an ETFs. a Explain the main differences and similarities between each other. b. Explain what are the main advantages and disadvantages of investing in mutual funds or ETFs versus investing in Equity Stocks. c. Explain the difference between investing in fixed income and an ETF that follows the S\&P 500 . d. Explain the main difference between active and passive management e. Explain what the difference between investing in value companies is or in growth companies