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You invest $100,000 in the Fidelity China Fund. The Fund charges a back-end load of 3.75%. The annual operating expense is 1.5% of the average
You invest $100,000 in the Fidelity China Fund. The Fund charges a back-end load of 3.75%. The annual operating expense is 1.5% of the average asset value over the year. It is believed that the funds gross rate of return will be 6% next year. With a management expense ratio (MER) of 2%, how much will your investment portfolio be worth in one year when redeeming the shares? What is your holding period return?
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