Gwen and Ray want to invest in an equity mutual fund for their newborn son and will not need the funds for almost 18 years. They have a better than average income and plan to invest each year. Without taking on too much risk, which type of equity mutual funds are they most likely to consider?

Question

Quizplus · Accepted Answer

A growth fund or a global equity fund is suitable for long-term investment with a moderate risk level, aligning with their goal of investing for 18 years without taking on too much risk.

Gwen and Ray Want to Invest in an Equity Mutual