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Market Consistency and WMC [7]

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Bullet points include: Clients may invest in open-ended pooled funds, e.g. unit trusts, UCITS, mutual funds, Exchange Traded Funds (ETFs), unit-linked life insurance. Prices are set (usually each day) at which investors can buy and sell units. Under modern (UK) regulatory requirements, managers need to avoid creating possible conflicts of interest between themselves and their clients. Prices need to be fair, i.e. equitable, between the parties

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