Mutual funds are first categorized into ________ funds.

Question

Quizplus · Accepted Answer

Mutual funds are first categorized into open-end funds and closed-end funds. Open-end funds continuously issue and redeem shares based on investor demand, while closed-end funds have a fixed number of shares outstanding that are bought and sold on a stock exchange. Load and no-load refer to whether the fund charges an upfront sales commission, while profitable and unprofitable refer to the fund's performance. Mutual and exclusive are not commonly used categories for mutual funds.

Mutual Funds Are First Categorized into ________ Funds