A(n) _____ is a type of mutual fund that issues a fixed number of shares and invests the money received from selling these shares in a portfolio of assets.

Question

Quizplus · Accepted Answer

The definition given in the question matches the characteristics of a closed-end fund. A hedge fund is a separate type of investment vehicle with different regulations and investment strategies. An open-end fund does not have a fixed number of shares, it issues new shares as investors invest and redeems them as investors sell. A unitized insurance fund is a type of investment option offered within an insurance policy.

A(n) _____ Is a Type of Mutual Fund That Issues