Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 4 (12 points) Mr Chan aged 65 recently retired and collected some HKD 2 million of pension. While he is considering where to invest
Question 4 (12 points) Mr Chan aged 65 recently retired and collected some HKD 2 million of pension. While he is considering where to invest the money, one of his ex-colleague Sam suggests him to invest in an Equity Growth Fund. Sam invested in the Fund last year and the Fund generated a total return of almost 25%. a. Do you agree with Sam that Mr Chan should invest in the Equity Growth Fund? Why? (5 marks) b. What type of mutual fund will you suggest Mr Chan to invest in otherwise? (3 points) c. Name two other factors you will take into consideration in order to make a more appropriate recommendation in b. (4 points)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started