Peter is hesitating about whether he should invest through LIC or ETF. As his financial adviser, you would explain

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Case study 4

Question

Peter is hesitating about whether he should invest through LIC or ETF. As his financial adviser, you would explain 1) the difference between an ETF and a LIC; 2) what are the advantages and disadvantages of investing in LIC and ETF, respectively. (5 marks)

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