Which of the following statements is NOT a feature of unit trusts?
A) Unit trusts are companies that accept funds from investors and make investments that yield returns in the form of income and/or capital gains.
B) The market determines the value of a listed unit trust.
C) Unlisted unit trusts are generally highly liquid as they can accept money from investors at any time.
D) The number of listed property trusts is far larger than the number of listed equity trusts.
Correct Answer:
Verified
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Q32: Managed fund managers:
A) invest funds according to
Q33: The function of a _ is to
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