Phyllis Payne is buying shares in a mutual fund that invests in companies with a long history of paying a dividend.What type of mutual fund is she buying?

Question

Quizplus · Accepted Answer

Phyllis is buying an equity income fund, which focuses on investing in companies with a long history of paying dividends. This type of fund typically aims to provide investors with a reliable stream of income and can be a good choice for those who prioritize consistent payouts over potential growth. The other options listed in the question (aggressive growth, global, international, and regional) do not necessarily have the same focus on dividend-paying companies.

Phyllis Payne Is Buying Shares in a Mutual Fund That