Which of the following is not classified as an investment company?
A)unit investment trusts
B)mutual funds
C)closed-end funds
D)hedge funds

Question

Quizplus · Accepted Answer

Hedge funds are not classified as investment companies. While they do pool financial resources from multiple investors and use those funds to invest in various assets, they are typically only available to accredited investors and do not have the same regulatory requirements as other investment companies. A hedge fund is not classified as an investment company because it is a private investment vehicle that is not regulated by the SEC and only available to accredited investors. Unit investment trusts, mutual funds, and closed-end funds are all examples of investment companies that are regulated by the SEC.

Which of the Following Is Not Classified as an Investment