SIE: Exercise

Exercise

Answer the following questions

1. 1. A UIT sells units of securities also known as _____.
2. 2. The most well-known ETF is Standard & Poor’s _____.
3. 3. The investment portfolios held by ETFs and other UITs are not actively managed, so the investor will have no _____.
4. 4. Nontraditional ETFs use _____ to generate profits.
5. 5. An advantage and disadvantage of investing in a UIT is that the portfolio _____.
6. 6. UIT units must be sold with a/n _____.
7. 7. ETFs investors do not have to pay a front- or back-end sales charge, but they do have to pay a/n _____.
8. 8. ETFs track an index, but imperfectly due to cash held, fund fees, and how liquid an asset or a market