1 answer

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

Thunder is most likely characterized as a(n):

c. Sector fund.

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

d. The investment company.

.

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