Exam 13: Investing in Mutual Funds

A mutual fund offered by insurance companies as an alternative to conventional mutual funds and offers a range of investment objectives and categories of securities is _______

The managers of mutual funds tailor their investment portfolios to the investment objectives of their customers.

Typically, you must invest at least $1,000 to open a mutual fund account.

When Peter Mills went to withdraw $8,000 from the Lowe Fidelity Mutual fund, he was informed that the fund would charge 3 percent of the amount withdrawn.What is the dollar amount of the withdrawal charge?

What is step 1 of the common steps used by investors to evaluate mutual funds?

A mutual fund in which new shares are issued and redeemed by the investment company at the request of investors is called a(n) ____________ fund.

A 1 to 6 percent fee that investors pay when they withdraw their investment from a mutual fund is called a(n)

Which of the following statements is true?

The family of funds concept makes it convenient for shareholders to switch their investments among funds as different funds offer more potential.

Although mutual funds are popular among individual investors, most people do not use them as part of a registered retirement account.

A load fund is a mutual fund in which investors pay a commission every time they sell or buy shares.

Exchange traded funds can be traded at beginning of the day prices.

A mutual fund is:

For many individuals, mutual funds are not a good choice.

An investment company sponsoring a mutual fund must furnish shareholders a prospectus each year.

The net asset value for a mutual fund share is calculated by dividing the value of the fund's portfolio by the fund's liabilities.

Income dividends are the earnings a fund pays to shareholders after it has deducted expenses from its dividend and interest income.

A mutual fund designed for investors who are looking for a tax-efficient income stream without trading in capital gains is called a(n) __________ fund.

Most Canadian mutual funds sponsored by the Canadian chartered banks __________________

In a newspaper quotation, NAV stands for "not accessible value."