Phyllis Payne is buying shares in a mutual fund that invests in companies with a long history of paying a dividend whose objective is to provide income to shareholders.What type of mutual fund is she buying?

Question

Quizplus · Accepted Answer

Phyllis Payne is investing in an equity income fund, which focuses on companies that have a long history of paying dividends and provides income to shareholders. An aggressive growth fund focuses on capital appreciation, while global, international, and regional funds invest in companies outside of a specific geographical region.

Phyllis Payne Is Buying Shares in a Mutual Fund That