Misc

Question 1

Explain the term fettered

Answer 1

Sole / Only / Exclusive Fund and in House Fund Range

Question 2

Explain the term unfettered

Answer 2

Unfettered funds can use funds from other managers, as well as their own.

Question 3

Key advantage of a fettered fund?

Answer 3

Lower costs as no additional cost above AMC allowed

Question 4

Key advantage of a unfettered fund?

Answer 4

Broader choice of funds and if one fund fails, it can be replaced as wide universe available