'Growth', 'income' and 'balanced' are terms used to describe:
A)insurance policies
B)private equity funds
C)cash management trusts
D)equity trusts
E)hedge funds.

Question

Quizplus · Accepted Answer

'Growth', 'income' and 'balanced' are terms commonly used to describe equity trusts, which are mutual funds that primarily invest in stocks or other equity securities. These terms indicate the investment objective of the fund, with 'growth' funds focused on investing in companies with high potential for growth, 'income' funds investing in companies with a history of high dividend payments, and 'balanced' funds seeking a mix of both growth and income investments.

'Growth', 'Income' and 'Balanced' Are Terms Used to Describe