A mutual fund is created by which one of the following parties?

Question

Quizplus · Accepted Answer

A mutual fund is created by an investment advisory firm, which is responsible for structuring the fund and managing its assets. The fund's board of directors provides oversight and makes certain key decisions, while the SEC regulates and monitors the fund's activities. Fund shareholders are investors who purchase shares in the fund. A discount broker is an intermediary that facilitates securities transactions but does not create mutual funds.

A Mutual Fund Is Created by Which One of the Following