1. What is meant by stratifying a portfolio and how does it help in portfolio diversification?
2. What would be a reasonable statement regarding the return requirement for an endowment fund such as a college or a charitable foundation?
3. Explain about your readings and understanding of an institutionally managed portfolio such as a mutual fund or an exchange traded fund or a real estate investment trust (REIT). You may write from your readings from the textbook, the class notes and tie it to an actual investment in the market.
4. a. Explain what is meant by a dual fund.
b. Explain the benefits of the income fund and the capital fund of a dual fund.