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Questions and Answers
What are the primary structures of mutual funds?
What are the primary structures of mutual funds?
- SICAV, OEIC, and mutual investment company
- Stock or equity funds, bond or fixed income funds, and hybrid funds
- Open-end funds, closed-end funds, and unit investment trusts (correct)
- Exchange-traded funds, index funds, and money market funds
What is the main advantage of mutual funds?
What is the main advantage of mutual funds?
- Low fees and expenses
- Direct control over individual securities
- Economies of scale (correct)
- High liquidity
What are index funds?
What are index funds?
- Funds that invest only in stocks
- Funds that are only available in the UK
- Actively managed funds with high fees
- Passively managed funds that track the performance of an index (correct)
In which countries is the term 'mutual fund' typically used?
In which countries is the term 'mutual fund' typically used?
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What do actively managed funds seek to do?
What do actively managed funds seek to do?
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