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

Question

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An open-end fund is a type of mutual fund where new shares can be issued and existing shares can be redeemed by the investment company at the request of investors. This differs from a closed-end fund where a fixed number of shares are issued and traded on an exchange. Load and no-load refer to fees charged by the investment company, and convertible refers to a type of security that can be converted into another type of security.

A Mutual Fund in Which New Shares Are Issued and Existing