Asked by
Danielle Barrera
on Oct 20, 2024
Verified
A mutual fund that attempts to hold quantities of shares in proportion to their representation in the market is called an ________ fund.
A) stock
B) index
C) hedge
D) money market
Index Fund
A collective investment scheme designed to follow certain preset rules so that the fund can track a specified basket of underlying investments.
Market Representation
The degree to which a statistical sample or a financial index accurately reflects the broader market or sector it aims to represent.
- Understand different types of mutual funds and their investment strategies.
Verified Answer
CC
Learning Objectives
- Understand different types of mutual funds and their investment strategies.