Sloan Richards is buying shares in a mutual fund that invests in companies that have a market capitalization of less than $2 billion.What type of mutual fund is this?

Question

Quizplus · Accepted Answer

The mutual fund that Sloan Richards is buying shares in is a small-cap fund, which invests in companies with a market capitalization of less than $2 billion. This strategy typically carries higher risk, but also has the potential for higher returns.

Sloan Richards Is Buying Shares in a Mutual Fund That