Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

David Nash wishes to invest in the Help Me Fund, which has performed well over five years. You arrange an appointment with them. David Nash

David Nash wishes to invest in the Help Me Fund, which has performed well over five years. You arrange an appointment with them. David Nash is worried about the future risk and volatility of share returns in the fund. Assume that the fund requires a minimum investment of $1 000 and an ongoing fee of 3.1%. Given the below information, how would you advise David Nash about this investment and what he should monitor if he were to invest in this fund? Fund 1 Yr % p.a. 2 Yr % p.a. 3 Yr % p.a. Help Me Fund 39.0 32.6 31.2 S&P/ASX 200 Accumulation Index 23.7 23.4 21.3 Top 10 Stocks BHP Biliton (BHP) Rio Tinto (RIO) % Sector the Funds is invested in % 16.64 Financial Services 31 10.3 Materials ANZ Bank (ANZ) ASX Limited (ASX) Commonwealth Bank (CBA) QBE Insurance Group (QBE) Wesfarmers (WES) CSL (CSL) AGL (AGK) Telstra 6.57 Industrials 5.87 Healthcare 5.15 Consumer Discretionary 4.56 Consumer staples 4.04 Cash 3.78 Energy 3.59 IT 3.35 Telecommunications 9 9 382275432 N 2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting 111

Authors: Carl S. Warren

1st Edition

1111065624, 978-1111065621

More Books

Students also viewed these Accounting questions

Question

what is the purpose of using ( % 17 ) ???

Answered: 1 week ago

Question

=+j Describe the various support services delivered by IHR.

Answered: 1 week ago