Which of the following is a true statement about mutual funds?
A)You get to choose what stocks the mutual fund invests your money in.
B)A minimum investment is required.
C)They are only invested in stocks.
D)The value of shares are not reported in The Globe and Mail or on various websites.

Question

Quizplus · Accepted Answer

Mutual funds typically have a minimum investment requirement, which can vary depending on the fund.

A) is false because mutual funds are managed by professional fund managers who make investment decisions on behalf of investors.

C) is false because mutual funds can also invest in bonds, money market instruments, and other financial products.

D) is false because mutual fund shares are publicly traded and their values can be easily found through various financial news sources.

Which of the Following Is a True Statement About Mutual