13. Complete the table to describe the similarities and differences between mutual funds and hedge funds. Similarities & Differences &

#Explanation#Mutual funds and hedge funds are both types of investment vehicles, but they differ in many ways. Here are some similarities and differences:Similarities:1. Both are pooled investment vehicles: Both mutual funds and hedge funds pool money from multiple investors to invest in a diversified portfolio of assets.2. Both are managed by professional fund managers: Both types of funds are managed by professionals who make investment decisions on behalf of the investors.3. Both aim to generate returns: The primary goal of both mutual funds and hedge funds is to generate returns for their investors.Differences:1. Accessibility: Mutual funds are accessible to all types of investors, while hedge funds are typically only accessible to accredited or institutional investors due to their high minimum investment requirements.2. Regulation: Mutual funds are highly regulated by entities like the Securities and Exchange Commission (SEC), while hedge funds are subject to less regulation.3. Investment strategies: Mutual funds typically invest in a diversified portfolio of stocks, bonds, or other securities. Hedge funds, on the other hand, may employ more complex strategies, including short selling, leverage, and derivatives.4. Fee structures: Mutual funds typically charge a management fee based on a percentage of the assets under management, while hedge funds usually charge both a management fee and a performance fee.#Answer#\begin{array}{|l|l|}\hline\ Similarities\ &\ Differences\ \\\hline\ 1.\ Pooled\ investment\ vehicles\ &\ 1.\ Accessibility\ \\2.\ Managed\ by\ professional\ fund\ managers\ &\ 2.\ Regulation\ \\3.\ Aim\ to\ generate\ returns\ &\ 3.\ Investment\ strategies\ \\\ &\ 4.\ Fee\ structures\ \\\hline\end{array}