Question

Which of the following is true? A covered member's financial interest in a mutual fund is...

Which of the following is true?

A covered member's financial interest in a mutual fund is a direct interest in the fund.

A covered member's financial interest in a mutual fund is an indirect interest in the fund.

A covered member's financial interest in a diversified mutual fund is a direct interest in the fund's underlying investments.

A covered member's financial interest in an undiversified mutual fund is a direct interest in the fund's underlying investments.

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Ans- The correct option is- A covered member's financial interest in an undiversified mutual fund is a indirect interest in the fund's underlying investments.

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