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An Introduction to Trading in the Financial Markets: Market Basics by R. Tee Williams

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Packaged Instruments

Packaged instruments are investment portfolios that permit an investor to participate in a diversified group of cash instruments without requiring the full outlay needed to purchase each of the fund’s component instruments directly (see Figure 2.3). Packaged instruments have the advantage that they offer an investor with limited financial resources the ability to own a diversified portfolio. Typical packaged instruments include shares in a mutual fund, units of a unit trust, or shares in an exchange-traded fund.

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Figure 2.3 Packaged instruments combine investments to provide the benefits of diversification and professional ...

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