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QUESTION 5 Kevin is considering a mutual fund that invests only in technology companies. What is...

QUESTION 5

  1. Kevin is considering a mutual fund that invests only in technology companies. What is the best term for this type of fund?

    a. Equity Fund.

    b. Growth Fund.

    c. Momentum Fund.

    d. Sector Fund.

    QUESTION 6

  2. Assets invested in mutual funds may be invested in equity, hybrid, fixed income, or money market funds. What percent of the total mutual fund assets is invested in equity mutual funds at the end of 2017?

  3. a. Between 20% and 40%.

    b. Between 40% and 60%.

    c. Between 60% and 80%.

    d. Over 80%.

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Answer #1

Hello Sir/ Mam

Q - 5 -

YOUR REQUIRED ANSWER IS OPTION D : SECTOR FUND

Sector fund is a fund which specializes in investing in a particular sector. Hence, to invest in technology companies, we can invest in sector fund of IT.

I hope this solves your doubt.

Feel free to comment if you still have any query or need something else. I'll help asap.

Do give a thumbs up if you find this helpful.

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