Briefly Discuss the Three Dimensions on Which Competition Takes Place

question 12

Essay

Briefly discuss the three dimensions on which competition takes place.

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Definitions:

Broker Fee

Fees charged by a broker for the services they provide, such as executing trades or providing investment advice.

NAV

Net Asset Value; the per share market value of a fund's assets minus its liabilities.

Equity Funds

Investment funds that predominantly hold stocks or equities in their portfolios.

Index Funds

Mutual funds or ETFs designed to replicate the performance of a specific market index, such as the S&P 500, by holding the same stocks in the same proportions.