1.He has been following the roller coaster ride of his stock portfolio and it's driving him mad.

2.Stocks are pretty hard to predict. So she has put her money into hedge funds.

3. A hedge is a way of reducing risk. A hedge fund is a company that creates a stock portfolio that tries to

balance the market activity.

4.Analysts examine stocks to assess which ones are likely to go up, and which will likely go down.

5.He says that if he leaves his money with a fund manager, perhaps the manager can trade his stocks in a more

profitable way.

Further listening and speaking > Viewing and speaking > Task 1

1.cash

2.easy

3.results

4.pay

5.bills

6.head

7.26 percent / 26%

8.close the deal

9.figures

10.idea

11.plan

12.fine

13.business guide

14.voting rights

15.say

16.strong point

17.investment

18.150,000 / 150000

19.26 percent / 26%

B D

C

D B

1. individual

2. owned

3. managed

4. invest

5. ownership

6. shareholders

7. investors

8. shareholders are often able to own a greater and more diverse number of stocks than if they invested directly in the stock market

9. the investment management company sponsoring the fund issues new shares to investors and buys back shares from investors wishing to leave the fund

10. The sponsor does not buy back or issue shares after a closed-end fund is launched, so the investor must trade them through a broker

C D C A A

B C A D B C D A D B