What are mutual funds? What two broad categories of mutual funds exist and how are they different? Do investors select the securities the mutual fund invests in?
- Investing in Mutual Funds. List three reasons for investing in mutual funds.
- NAV. What is a mutual fund’s net asset value (NAV)? How is the NAV calculated and reported?
- Open-End Funds. What is an open-end mutual fund? What types of companies usually manage open-end funds? Describe how these funds work on a day-to-day basis
12-Why are some U.S. inves-tors attracted to international and global bond funds? What risk is associated with these funds that investors are not subject to when investing strictly in U.S. bond funds? Discuss the expenses associated with international and global bond funds relative to domestic bond fund
14-List and briefly describe the differ-ent types of ETFs.
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