While Reviewing Mutual Fund Reports,Alex Noticed That a Fund Was

question 36

Multiple Choice

While reviewing mutual fund reports,Alex noticed that a fund was reported as "closed".What is the primary reason for closing a fund?

• A)all issued shares have been sold
• B)the fund is suffering a loss
• C)the NAV has declined noticeably
• D)the fund has grown too large in size
• E)the fund is underperforming its peers

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Definitions:

Nazis

Members of the National Socialist German Workers' Party, a far-right political group that ruled Germany from 1933 to 1945.

Jews

Members of the Jewish people, an ethnoreligious group originating from the ancient Hebrews and Israelites of the Near East.

Kindertransport

The organized rescue effort that took place during the nine months prior to the outbreak of the Second World War, which transported Jewish children from Nazi Germany to safety in Britain.

English

A West Germanic language originating in England and the first language for most people in the UK, the US, Canada, Australia, New Zealand, and several other countries.