I don't understand how can the entire fund be invested in domestic securities and cash, and also 35% of the fund be invested in investment trust companies specialising in property and in overseas markets?
Hi Erica This means that the ITCs are quoted on the domestic stock exchange (ie are part of the domestic securities mentioned) but these ITCs have a remit to invest in property and overseas investments.
Ok, thanks. The question then asks to "discuss the merits of the current investment...". I understood that its only asking about the advantages of the current investment but the solution brings also the disadvantages. Is "Discuss the merits" really refer to both advantages and disadvantages?
