The Open-End Aspect of Mutual Funds Is ________; That Is

Multiple Choice

The open-end aspect of mutual funds is ________; that is, investors invest funds directly in or withdraw funds from the mutual fund. The open-end aspect of ETFs is ________ in that the investors buy the ETF in a closed-end manner like closed-end funds and then the authorized participant ________ between the ETF and the underlying portfolio, providing the indirect open-end aspect of the ETF.

A) direct; straight; trades
B) direct; straight; arbitrages
C) indirect; direct; trades
D) direct; indirect; arbitrages