A no-load segregated fund has no sales charge on entry or exit, making it ideal for short-term investment needs. Clara would retain full liquidity without penalties.
Exact Extract:
"No-load segregated funds allow investors to redeem their units without incurring a sales charge, making them ideal for investors who may require liquidity within a short timeframe."
(Reference: Segfunds-E313-2020-12-7ED, Chapter 2.3.2.3 No Sales Charge)
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