Author Question: A family of mutual funds is (Read 43 times)

storky111 · **on:** Apr 14, 2019

Question 1

An open-end mutual fund may do all of the following
except

◦ sell shares directly to investors.
◦ charge a fee to buy but not sell shares.
◦ repurchase shares from investors who want to sell their shares.
◦ have its shares traded on the New York Stock Exchange.

Question 2

A family of mutual funds is

◦ a group of funds all of which have the same objective.
◦ a number of funds with different objectives operated by one investment company.
◦ an arrangement whereby a number of competing investment companies pool their resources.
◦ quite rare in the mutual fund industry.

ky860224 · **Reply #1 on:** Apr 14, 2019

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