1. Understanding the difference between open-end and closed-endfunds Categorizing Mutual Funds For each of the following statements regarding mutual funds, indicate whether it is true of open-end, closed-end, or both open- and closed-end funds. Open-End Fund Statement Managers of this type of fund must always have cash available to meet redemptions. Shares in this type of fund are always publicly traded. Closed-End Fund From the table, you can see that mutual funds can be broken down broadly according to the fund's organization. The term mutual fund usually refers funds, but, on a practical basis, it refers to both open- and closed-end funds. Exchange-traded funds (ETFs) are a particular kind of mutual fund that has characteristics of open-end funds in that the number of shares fixed, but they are similar to closed-end funds to because the shares publicly traded.

1. Understanding the difference between open-end and closed-endfunds Categorizing Mutual Funds For each of the following statements regarding mutual funds, indicate whether it is true of open-end, closed-end, or both open-and closed-end funds. From the table, you can see that mutual funds can be broken down broadly according to the fund's organization. The term mutual fund usually refers to funds, but, on a practical basis, it refers to both open-and closed-end funds. Exchange-traded funds (ETFs) are a particular kind of mutual fund that has characteristics of open-end funds in that the number of shares fixed, but they are similiar to closed-end funds. because the shares publicly traded. For each of the following statements regarding mutual funds, indicate whether it is true of open-en Statement Managers of this type of fund must always have cash available to meet redemptions. type of fund are always publicly traded. to funds, but, on a practical basis, it refers to both open- and closed-end funds. Ey of mutual fund that has characteristics of open-end funds in that the number of shares because the shares publicly traded. \begin{tabular}{|c|c|} \hline he table, you & lat mutual funds can be broken down b \\ \hline & t, on a practical basis, it refers to both \\ \hline al fund that & cteristics of open-end funds in that \\ \hline se the shares & publicly traded. \\ \hline \end{tabular} adly according to is not is - and closed-e is organization. The term mutua number of shares