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Explain the primary characteristics of the following types of investment funds: Unit Trusts Closed-end Funds Open-end Funds Exchange-traded Funds Your discussion should include why each

Explain the primary characteristics of the following types of investment funds:

Unit Trusts

Closed-end Funds

Open-end Funds

Exchange-traded Funds

Your discussion should include why each type might appeal to investors, and why investors might want to avoid them.

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