What type of managed fund, recently introduced to Canada, is allowed greater use of short sales, leverage,and derivatives compared to mutual funds, but not to the same extent as hedge funds?
Jehona is a Dealing Representative with Vista Wealth Investments Inc., a mutual fund dealer in Ontario andNova Scotia. Jehona has reviewed her client Sokol’s account and wants to adjust the holdings and re-balancethe portfolio. Which of the following statements about Jehona’s permitted activities is CORRECT?