________, commonly referred to simply as mutual funds, are portfolios of securities, mainly stocks, bonds, and money market instruments.

Question

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Open-end funds are the most commonly referred to type of mutual funds as they allow investors to buy and sell shares at any time, while the fund continuously issues new shares and redeems existing ones. They typically invest in a variety of securities, making them a diversified investment option for investors. Closed-end funds have a fixed number of shares and are traded on an exchange, while unit trusts and unit-end funds are not commonly used terms in the mutual fund industry.

________, Commonly Referred to Simply as Mutual Funds, Are Portfolios