题目
题目
单项选择题

By investing in international mutual funds, investors can i) save any extra transaction and/or information costs they may have to incur when they attempt to invest directly in foreign markets ii) circumvent many legal and institutional barriers to direct portfolio investments in foreign markets iii) potentially benefit from the expertise of professional fund managers

选项
A.i).
B.i) and ii)
C.ii) and iii).
D.i), ii), and iii)
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标准答案
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思路分析
Let’s parse the statement and evaluate each sub-point in turn, keeping in mind what international mutual funds offer to investors. Option i): 'save any extra transaction and/or information costs they may have to incur when they attempt to invest directly in foreign markets.' This is arguing that pooling through an international mutual fund reduces the per-investor burden of trading in foreign markets. In practice, mutual funds aggregate capital, execute trades on foreign markets collectively, and thus can achieve economies of scale, potentially lowering transaction costs per dollar invested for individual shareholders compared with making direct foreign trades sepa......Login to view full explanation

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