1. What are the three basic types of mutual fund objectives? 2. Distinguish among mutual funds with...

Question:

1. What are the three basic types of mutual fund objectives?
2. Distinguish among with an income objective, growth objective, and growth and income objective.
3. Explain why investors like index and exchange traded funds.

Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...