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Question 581 - CTFA discussion
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:
A.
Pursuant to SEC exemptive orders
B.
Shares issued by ETFs Traded on a secondary market
C.
Are lonely redeem able in very large blocks (Blocks of 50,000 shares for example)
D.
All of these
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