Series 7 - General Securities Representative Exam
Your client, Maxwell Jarrow, needs to diversify and add some money market funds to his holdings. He is concerned with an equity market selloff. He is heavily invested in ABC Funds. He has ABC growth fund, ABC bond fund, ABC aggressive growth and more ABC Funds. What will you suggest?
Sell all stock funds and buy ABC money market fundA
Sell all stock funds and buy XYZ money market fundB
Sell all holdings to money marketC
Fund exchange to ABC money market fundD
Since he holds different funds within the ABC fund family, he should be able to exchange his holdings in flexible quantities to an ABC money market fund at little to no transaction cost