Which of the following terms refers most closely to the following definition: an actively-managed mutual fund that issues a fixed number of shares at inception that are not repurchased by the issuing company but are traded on the secondary market (like the New York Stock Exchange) based on supply and demand for the shares:
Group of answer choices
Closed-End Fund
Open-End Fund
Externally-Traded Fund
Diamond Investment Trust
Non-Returnable Investment Trust
A. closed -End Fund.
A closed end fund issues a fixed number of shares at inception, which are not repurchased and are traded on the secondary market based on supply and demand for the shares.
An open ended fund will issue and redeem the shares, they can issue unlimited number of shares.
Which of the following terms refers most closely to the following definition: an actively-managed mutual fund...