A ________ is not active in trading of the bonds in the portfolio, have a fixed termination date, and are common in Europe.

Question

Quizplus · Accepted Answer

Unit trust funds are not active in trading of the bonds in the portfolio, have a fixed termination date, and are common in Europe. Closed-end funds and opened-end funds are both actively traded and do not have a fixed termination date. "Whole fund" is not a commonly used term in the investment industry.

A ________ Is Not Active in Trading of the Bonds