Mutual funds that allow shares to be redeemed at any time at a price that is tied to the asset value of the fund are known as

Question

Quizplus · Accepted Answer

The description matches the characteristics of open-end funds. These funds continuously issue new shares and allow investors to redeem their shares at any time, with the redemption price tied to the current net asset value (NAV) of the fund's assets. Close-end funds have a fixed number of shares outstanding and their price is determined by supply and demand in the market, while asset-value funds and redeemable funds are not commonly used industry terms.

Mutual Funds That Allow Shares to Be Redeemed at Any