A mutual fund that sells new shares to any investor who requests them is referred to as a(n) ____ fund.

Question

Quizplus · Accepted Answer

An open-end mutual fund offers new shares to investors based on demand, which means that investors can buy and sell their shares at any time at a price equal to the fund's net asset value (NAV). This is in contrast to closed-end funds, which have a fixed number of shares and trade on an exchange. Choice A (net account), D (load), and E (no-load) do not refer to the type of fund structure.

A Mutual Fund That Sells New Shares to Any Investor