Q49. In discussing the characteristics of exchange traded funds (ETFs) in markets where capital gains are taxed, and analyst made the following statements: Statement 1 | Compared to investment in a mutual fund, an investor exposure to taxes on capital gains distributions is lower with an ETF?TD> | Statement 2 | Compared to a closed – end investment fund, an ETF is more likely to trade at net asset value? /TD |
Are the analyst’s statements correct?
| Statement 1 | Statement 2 | A | No | No | B | No | Yes | C | Yes | No | D | Yes | Yes |
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发表于 2007-10-25 08:33
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