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# QUESTION 11 Thunder Equity Fund invests solely in the top one-half in size of firms in...

###### Question:

QUESTION 11

1. Thunder Equity Fund invests solely in the top one-half in size of firms in the oil and gas industry. Thunder is most likely characterized as a(n):

 a. Growth fund. b. Large cap fund. c. Sector fund. d. Income fund.

QUESTION 12

1. An open-end mutual fund is most likely owned by:

 a. The shareholders in the fund. b. A family of funds mutual fund company. c. The investment advisory firm. d. The investment company.

## Answers

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