Whose shares are issued and redeemed by the investment company at the request of investors?

Question

Quizplus · Accepted Answer

Open-end funds issue and redeem shares at the request of investors. Closed-end funds issue a fixed number of shares that are traded on an exchange, while exchange-traded funds (ETFs) are similar to closed-end funds but are traded like stocks. Net asset value (NAV) funds and no-load funds are not types of funds, they are characteristics that can apply to any type of fund.

Whose Shares Are Issued and Redeemed by the Investment Company