Noelle Simon is buying shares in a mutual fund that only invests in companies located in Latin America. What type of mutual fund is this?

Question

Quizplus · Accepted Answer

The mutual fund that invests only in companies located in Latin America is a regional fund. A regional fund is a type of mutual fund that focuses on investing in companies located in a specific region of the world. Aggressive growth funds invest in stocks with high potential for growth, equity income funds invest in stocks that pay dividends, global funds invest in companies around the world, and international funds invest in companies outside the investor's home country.

Noelle Simon Is Buying Shares in a Mutual Fund That