INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-Exchange-indexed funds are [actively | passively] managed pools of investments.

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-Exchange-indexed funds are [actively | passively] managed pools of investments.

Quizplus · Accepted Answer

Exchange-indexed funds are designed to track a specific market index and are therefore passively managed. The fund manager does not make active investment decisions, but instead, invests in the securities that make up the index the fund is tracking.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which