Conrad Maestro is buying shares in a mutual fund that seeks rapid price appreciation by purchasing stocks whose price is expected to increase dramatically in a short period of time.What type of mutual fund is he purchasing?

Question

Quizplus · Accepted Answer

An aggressive growth fund is a type of mutual fund that seeks rapid price appreciation by investing in stocks with high growth potential. These stocks may have a high risk but are expected to increase dramatically in a short period of time. This type of fund may appeal to investors like Conrad Maestro who are willing to take on high risk for the possibility of high returns. The other options, such as equity income fund, global fund, international fund, and regional fund, do not necessarily aim for rapid price appreciation through high-risk investments.

Conrad Maestro Is Buying Shares in a Mutual Fund That