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ABA CTFA Practice Test - Questions Answers, Page 59

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Question 581

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There are some investment companies, known as exchange-traded funds or ETFS, which are legally classified as open-end companies or UITs. EFTs differ from traditional open-end companies and UITs because:

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Question 582

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If a mutual fund has an NAV of $100 million, and investors own $10,000,000 of fund's shares,the funds per share value will be:

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Question 583

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The approximate per-share NAV plus any fees the fund imposes is the price:

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Question 584

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A UIT typically issues redeemable securities (or ''units''), like a mutual fund, which means:

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Question 585

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Close-end funds are traded on:

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Question 586

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Close-end funds:

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Question 587

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One fund may invest on mostly established ''blue chip'' (Companies that pay regular dividends). Another fund may invest in newer technology companies that pay no dividends but that may have more potential for growth. These are the examples of:

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Question 588

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Mutual funds provide an attractive investment choice because they generally offer the following feature/s:

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Question 589

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All of these are disadvantages of mutual funds EXCEPT:

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Question 590

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Investors typically cannot ascertain the exact makeup of a fund's portfolio at any given time, nor can they directly influence which securities the fund manager buys and sells or the timing of those trades. This is because of _______ in mutual funds.

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