A. An institutional investor seeking to invest in emerging markets
B. A retail investor seeking to invest in Latin American equities
C. A retail investor seeking diversification
Institutional investors may find it cheaper to create their own emerging market portfolios rather than investing in emerging market ETFs which may have large bid-ask spreads and expense ratios.
Thank you George for posting CFA Level 1 sample questions and answers.
ETF as well as mutual funds help a retail investor. ETF are more sector oriented and will have good tax advantage when they revolve around certain instruments
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Do they provide us z-table, t-table, f-distributions, etc