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CMFASPrepStudyingRES5
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Financial advisory
RES5Financial Advisory Services✓A retail investor notices an ETF is quoted at a LARGE premium to its indicative NAV. The most prudent conclusion is to:
Buying at a large premium means paying well above the value of the fund's underlying holdings, which can erode returns; a retail investor should check the premium/discount to indicative NAV before dealing.
Reading a premium as a quality signal rather than a warning of overpaying versus NAV.
Practise more M8 Exchange-Traded Funds (ETFs) questions
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