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)