SIE - Securities Industry Essentials Exam
Preview Mode
Your client wants to invest in an instrument that mirrors the return of a broad stock market index; with low management fees and intraday liquidity. Which of the following do you suggest?
Balanced Fund
A
S&P 500 ETF
B
DPP
C
Growth Fund
D
Explanations
The S&P 500 ETF will provide intraday liquidity and have lower management fees than the balanced fund or growth fund. This is the best selection of the given choices.