A(n) _____ oversees a mutual fund's portfolio and makes the buy and sell decisions.

Question

Quizplus · Accepted Answer

An investment advisor oversees a mutual fund's portfolio and makes the buy and sell decisions. Transfer agents are responsible for maintaining shareholder records, distributors market and sell the shares of a mutual fund, regulators enforce laws and regulations governing mutual funds, and custodians hold and safeguard the assets of a mutual fund.

A(n) _____ Oversees a Mutual Fund's Portfolio and Makes the Buy