An investment company that will repurchase shares at any time is called a(n)________ fund.

Question

Quizplus · Accepted Answer

An open-end fund is a type of investment company that allows for the creation of new shares and redemption of existing shares at any time. This means that the fund will repurchase shares from investors who wish to sell, making it a suitable choice for investors looking for liquidity. Closed-end funds, on the other hand, issue a fixed number of shares that trade on an exchange and do not typically repurchase shares from investors. Hedge funds are private investment partnerships that typically have restrictions on who can invest and require a high minimum investment. Public funds and exchange-traded funds (ETFs) may or may not repurchase shares at any time, depending on their specific structure.

An Investment Company That Will Repurchase Shares at Any Time