Multiple choice

The responsibilities of a unit-holder do not include:

  1. monitoring his investments carefully

  2. being aware of information that affects his investment in a major way

  3. carefully studying the offer document

  4. taking decisions about where the fund managers should invest
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Unit holders are responsible for monitoring their investments, staying informed about material information, and studying the offer document. However, they do NOT make investment decisions about where the fund manager should invest - that is the fund manager's professional responsibility. Unit holders invest FOR the manager's expertise.

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