CFA论坛 - Powered by Discuz! Board

标题: Reading 51: Portfolio Management: An Overview-LOS d 习题精选 [打印本页]

作者: 1215 时间: 2011-3-24 15:34 标题: [2011]Session 12-Reading 51: Portfolio Management: An Overview-LOS d 习题精选

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):

A)
open-end fund.

B)
closed-end fund.

C)
exchange-traded fund.

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.

欢迎光临 CFA论坛 (http://forum.theanalystspace.com/)