The Underlying Value of Units in an Unlisted Managed Fund

question 24

Multiple Choice

The underlying value of units in an unlisted managed fund is based on the:

• A) net prevailing market value of the fund's investment portfolio divided by the number of units issued.
• B) supply and demand for those units.
• C) inflation- adjusted value of the fund's net assets.
• D) none of the above.

---

Definitions:

Reverse Discrimination

describes situations where affirmative action policies or measures result in discrimination against members of a majority or historically advantaged group.

Affirmative Action

Policies and procedures designed to counteract historic discrimination against certain groups by providing them opportunities in education, employment, and other areas.

Traditionally Segregated

Refers to the separation or division of groups, processes, or things based on traditional factors or historical practices.

Social Security

A government system that provides financial assistance to people with an inadequate or no income, particularly during retirement, disability, or unemployment.