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A "sector fund" is a member of a mutual fund company's family of funds that specializes...

A "sector fund" is a member of a mutual fund company's family of funds that specializes in a specific set of industries.

true or false?

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Answer #1

Answer:

Correct answer is:

True

Explanation:

Sector fund focuses on a specific sector with one industry or specific set of industries. Examples of sectors are healthcare, banking, energy, utility, infrastructure, real estate etc. Sector fund specializes in the sector and invest in the industry or set of industries in the sector.

Hence the statement is true.   

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