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Questions and Answers
Which type of mutual fund seeks to outperform stock market indices but generally charges higher fees?
Which type of mutual fund seeks to outperform stock market indices but generally charges higher fees?
- Open-end funds
- Index funds (correct)
- Closed-end funds
- Money market funds
What are the primary structures of mutual funds?
What are the primary structures of mutual funds?
- Money market funds, bond funds, and stock funds
- Closed-end funds, open-end funds, and index funds (correct)
- Index funds, open-end funds, and unit investment trusts
- SICAV, OEIC, and open-end funds
In which countries is the term 'mutual fund' typically used?
In which countries is the term 'mutual fund' typically used?
- United States, Canada, and Australia
- United Kingdom, Canada, and India
- United States, Canada, and India (correct)
- United States, Mexico, and India
What do index funds track the performance of?
What do index funds track the performance of?
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What are the advantages of mutual funds?
What are the advantages of mutual funds?
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