Question
Damian, age 55, has worked as a software developer at a medium-sized company for 20 years. He earns $75,000 a year and belongs to the
Damian, age 55, has worked as a software developer at a medium-sized company for 20 years. He earns $75,000 a year and belongs to the company's defined contribution pension plan. Damian has $200,000 in his non-registered investment portfolio, composed largely of balanced mutual funds. Recently, he inherited $200,000 and wants to invest it towards his retirement. He is interested in decent growth of his investment and also wants a measure of capital protection. His advisor generates the following list of segregated funds for Damian's consideration: ABC Long-Term Bond Fund, ABC Global Equity Fund, ABC Money Market Fund and ABC Mortgage Fund. Each fund has a 75% maturity and death benefit guarantee.
Which fund would be most appropriate for Damian?
A.ABC Long-Term Bond Fund.
B.ABC Mortgage Fund.
C.ABC Money Market Fund.
D.ABC Global Equity Fund.
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