Roberta Cartwright puts money each month into a mutual fund that has very few controls;in that,the managers can invest in whatever they want because this type of fund is not regulated by the SEC.Roberta has a(n)________ fund.
A)open-end
B)closed-end
C)hedge
D)no-load
E)back-end load

Question

Quizplus · Accepted Answer

A hedge fund is a type of investment fund that has very few regulations and limitations on the types of investments the fund managers can make. They are usually only open to high net worth investors and institutional investors. Open-end and closed-end funds are regulated by the SEC and have certain limitations on their investments. No-load and back-end load refer to fees associated with buying or selling a fund, and do not relate to the level of regulation or investment restrictions.

Roberta Cartwright Puts Money Each Month into a Mutual Fund