Q49. Which of the following statements is least accurate with respect to the advantages of open-end exchange traded funds (ETFs)? Open-end ETFs: A. tend to trade dose to their net asset values than close-end index funds. B. Provide for more immediate reinvestment of dividends than index mutual funds C. Provide a more cost-effective way for large institutions to invest in emerging markets. D. Provide lower exposure to capital gains distribution taxes than traditional mutual funds. 答案和详解如下：
Q49. C Study Session 18-79.e,f Some sector and international ETFs have large bid-ask spreads and substantial expense ratios compared to managed portfolio, which may provide a more cost-efficient alternative to ETFs, particularly for large institutional investments.
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发表于 2007-11-5 19:20
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