The increase in ______________ have directly contributed to the growth in mutual funds over the last few decades.
Group of answer choices
- defined-contribution retirement plans and IRAs
- defined-benefit plans and pensions
- advertising by financial services companies
- workers paying FICA taxes
Which of the following is a characteristic of an exchange-traded fund (ETF)?
Group of answer choices
- The shares are invested only in common stock of publicly traded corporations
- Shares trade at the net asset value like shares in an open-end fund
- Shares are traded in the secondary market like shares in a closed-end fund
-The number of shares outstanding is fixed as in a closed-end fund