Mutual funds that do not repurchase their shares from investors are
A)closed-end mutual funds.
B)load mutual funds.
C)no-load mutual funds.
D)open-end mutual funds.

Question

Quizplus · Accepted Answer

Closed-end mutual funds do not repurchase their shares from investors. Instead, their shares are traded in secondary markets, similar to stocks. The number of shares is predetermined, and new shares cannot be issued or redeemed based on the demand of investors. Load and no-load mutual funds are types of classification based on sales charges, while open-end mutual funds are ones that repurchase shares from investors.

Mutual Funds That Do Not Repurchase Their Shares from Investors