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CMFASPrepStudyingRES5
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Financial advisory
RES5Financial Advisory Services✓The 'professional management' feature of a CIS means that:
Under professional management, a fund manager makes asset selection, timing and rebalancing decisions within a stated mandate, so investors delegate research and portfolio construction to specialists.
Attributing investment decisions to MAS or the trustee, or reading 'professional management' as a guarantee.
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