·  You should prepare an executive memo and submit a document in Word format. Wordcount between 1500-2000.
·  You should submit an Excel file used to perform your calculations.
Formalities:
·  Cover, Table of Contents, References and Appendix are excluded of the total wordcount.
·  Font: Arial 12,5 pts.
·  Text alignment: Justified.
1.  Assume you are an investment advisor. Your client is unsure what are the main benefits and reasons for investing in a Mutual Fund or in an index fund with an ETFs.
a.  Explain the main differences and similarities between each other
b.  Explain what are the main advantage and disadvantage of investing in mutual funds or ETFs versus investing in Equity Stocks.
c.  Explain the difference between investing in fixed income and an ETF that follows the S