What is a secondary advantage of mutual funds?
A) They allow an investor to avoid investment charges and fees.
B) They give ordinary people access to loanable funds for investing.
C) They usually outperform stock market indexes.
D) They give ordinary people access to the skills of professional money managers.

Question

Quizplus · Accepted Answer

The secondary advantage of mutual funds is that they give ordinary people access to the skills of professional money managers who are responsible for managing the fund's investments. This can be beneficial for individuals who may not have the time or expertise to manage their own investment portfolio. Additionally, professional money managers may have access to resources and information that individual investors do not have, which may lead to better investment decisions.

What Is a Secondary Advantage of Mutual Funds