Business, 07.12.2021 05:30 cooper2017
A customer with an aggressive growth investment objective and short-term (6- to 12-month) time horizon wants to invest $50,000 in a mutual fund. He has a substantial net worth, but none of it is invested in mutual funds. You inform him that mutual fund investments are intended to be long-term investments, but he expresses his intention to make the short-term investment anyway. If the XYZ fund family (one you have dealt with in the past) offers an aggressive growth fund that has a respectable track record, your recommendation should be to:
a. decline the transaction because short-term trading of funds is not allowed.
b. buy the XYZ Aggressive Growth Class C shares with a 1% CDSC expiring in 1 yearand .75% 12b-1 fee.
c. buy the XYZ Aggressive Growth Class B shares with a declining CDSC and .75%12b-1 fee.
d. buy the XYZ Aggressive Growth Class A shares with a 4% load and .25% 12b-1 fee.
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A customer with an aggressive growth investment objective and short-term (6- to 12-month) time horiz...
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