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Discuss the usefulness of collective investments for the fixed income segment of portfolios. (6 points) Discuss the main features and characteristics of ETFs (Exchange Traded

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Discuss the usefulness of collective investments for the fixed income segment of portfolios. (6 points) Discuss the main features and characteristics of ETFs (Exchange Traded Funds) and in what respect they are superior to traditional closed ended collective investment vehicles. (9 points)

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