Q7. Briefly contrast some of the material differences between a segregated fund and a mutual fund. (Use bullet points, single words to effectively compare the two). Students may adjust the format of this question to Segregated Funds Mutual Funds Legal Status Do both issue units? Who regulates each? What are the sellers' qualifications? What are the main disclosure documents? How often are the assets valued? What are the guarantees on each? What protection is there against issuer insolvency? What creditor protection is available under each? How is the income distribution carried out for each