Multiple choice

Unit holders' right to information does not include

  1. obtaining from the trustees any information having an adverse effect on their investments

  2. inspecting major documents of a fund

  3. receiving of a copy of the annual financial statements of that fund

  4. approving investment decisions of the fund
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Unit holders have extensive information rights - they can obtain information adverse to their investments, inspect major fund documents, and receive annual financial statements. However, unit holders do NOT have the right to approve investment decisions of the fund - that is the fiduciary responsibility of the fund managers.

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