Qi. Below, there are two categories that are particularly important to a client when doing comparison between ETFs (Exchange-Traded Funds) and Mutual Funds. Category Tax Efficiency Exchange-Traded Funds They are more tax efficient because of the lower portfolio turnover. Mutual Funds They are less tax efficient because of the higher portfolio turnover. Redemption of units might trigger capital gains i enough investors redeem units, forcing the manager to sell off securities to raise cash Minimum Investment ETFs can be purchased in single units (through the spread may be slightly higher) Mutual funds can be acquired for as little as $500. For both of these categories. Compare and contrast them below with mutual funds and provide a "value proposition" / "selling point for each. In other words, how would you convert these features into justifications for client investment recommendations? Provide original work only