________ have a set dollar goal the fund manager wants to manage. Once the fund has reached that goal, it does not accept new investors.

Question

Quizplus · Accepted Answer

Closed-end funds have a set dollar goal that the fund manager wants to manage. Once the fund has reached that goal, it does not accept new investors. No-load funds (A) refer to funds that do not charge a sales commission, Drop-off funds (C) and Zero-sum load funds (D) are not commonly used financial terms.

________ Have a Set Dollar Goal the Fund Manager Wants