The investment objective of the Threadneedle bond fund is "To outperform the benchmark by 3% per annum (gross of fees) over an 18-24 month period" What type of fund is this?
What will be an ideal response?
This fund is an actively managed fund. A bond fund that seeks to outperform a benchmark is following an active bond portfolio strategy. The ability to outperform a benchmark index will depend on how the manager allocates funds within a bond sector relative to the composition of the benchmark index.
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In order for the CISG to apply, the following conditions must be met except:
a. parties' places of business are in two different countries. b. the contract is for the commercial sale of goods. c. the parties must have designated the CISG as the applicable law. d. the parties' places of business are located in countries that have ratified the convention.
Frito Lay holds a contest for customers to submit ideas for new flavors of Lays potato chips. Which phase of product development? does this represent?
A) ?Prototyping B) ?Product development/testing C) ?Commercialization D) ?Product analysis E) ?Idea generation