An openend mutual fund issues a fixed number of shares and invests the money received from selling these shares in a portfolio of assets.

Question

An open­end mutual fund issues a fixed number of shares and invests the money received from selling these shares in a portfolio of assets.

Quizplus · Accepted Answer

An open-end mutual fund does not have a fixed number of shares. Instead, the fund continually issues and redeems shares based on demand from investors. The money received from selling these shares is invested in a portfolio of assets.

An Open­end Mutual Fund Issues a Fixed Number of Shares

An Openend Mutual Fund Issues a Fixed Number of Shares