Examlex
The ________ is the part of the system that users interact with.
Mutual Fund
An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities.
Management Fees
Charges levied by an investment manager for managing an investment fund's holdings.
Closed-end Funds
Investment funds with a fixed number of shares, traded on stock exchanges, potentially at prices above or below their net asset values.
Open-end Funds
Mutual funds that continuously issue new shares to investors and buy back shares when investors wish to sell, with prices determined by the net asset value.
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