Mutual Fund Categories Mutual funds can be classified into different categories (asset classes) based on...
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Mutual Fund Categories Mutual funds can be classified into different categories (asset classes) based on the nature of their investments. Based only on the following information, pick the one mutual fund from the three shown that you consider the best choice for each of the three investors described below. Name and explain your choice for each investor based on concepts learned in this course. State any assumptions that you have made. Name of Fund Major Holdings Cash 50% 1: Money Market Mutual Fund (Safety Class) T-Bills 25% GICs 25% Bonds 50% 25% II: Balanced Mutual Fund (Growth Canadian & Income Class) Stocks US Stocks 25% 25% Canadian Stocks US Stocks 25% III: Global Equity Fund (Growth Class): 25% Asian Stocks European 25% Stocks Question 15 (2 points) A 40-year-old single parent with two children who has just received a $100,000 divorce settlement, has no job, and has not worked outside the home for the past five years. Question 16 (2 points) A retired husband and wife both in their late 70s. Question 17 (2 points) A 25-year-old single investor with a new job that pays $70,000 a year and a well-funded, conservative company pension plan
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