Nathan Fuller is buying shares in a mutual fund that invests in the same companies as those found in the S&P 500 and in roughly the same proportion. What type of mutual fund is he buying?

Name: Nathan Fuller is buying shares in a mutual fund that invests in the same companies as those found in the S&P 500 and in roughly the same proportion. What type of mutual fund is he buying?
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Question

Quizplus · Accepted Answer

Nathan is investing in an indexed mutual fund that tracks the S&P 500, meaning he is buying an index fund.

Nathan Fuller Is Buying Shares in a Mutual Fund That