A mutual fund in which new shares are issued and redeemed by the investment company at the request of investors is called a(n) ____________ fund.

Question

Quizplus · Accepted Answer

The description provided in the question matches the characteristics of an open-end mutual fund. Therefore, the correct answer is D. Closed-end funds have a fixed number of shares and trade on exchanges, and no-load funds do not charge upfront fees to investors. Load funds, on the other hand, charge upfront fees known as loads. Convertible funds are a specialized type of fund that allows investors to convert from one share class to another.

A Mutual Fund in Which New Shares Are Issued and Redeemed