Misc Flashcards
1
Q
Explain the term fettered
A
Sole / Only / Exclusive Fund and in House Fund Range
2
Q
Explain the term unfettered
A
Unfettered funds can use funds from other managers, as well as their own.
3
Q
Key advantage of a fettered fund?
A
Lower costs as no additional cost above AMC allowed
4
Q
Key advantage of a unfettered fund?
A
Broader choice of funds and if one fund fails, it can be replaced as wide universe available
