Session 12: Portfolio Management
Reading 51: Portfolio Management: An Overview
LOS d: Describe, compare, and contrast mutual funds and other forms of pooled investments.
A pooled investment with a share price significantly different from its net asset value (NAV) per share is most likely a(n):
Closed-end funds’ share prices can differ significantly from their NAVs. Open-end fund shares can be purchased and redeemed at their NAVs. Market forces keep exchange-traded fund share prices close to their NAVs because arbitrageurs can profit by trading when there are differences.
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发表于 2011-3-24 15:34
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