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The NAV of which funds is fixed at $1 per share?
A) equity funds
B) money market funds
C) fixed-income funds
D) commingled funds
NAV
NAV, or Net Asset Value, represents the per-share market value of a fund's assets minus its liabilities, crucial for evaluating investment funds.
Money Market Funds
Investment funds that pool money from investors to purchase short-term, high-quality debt securities and aim to provide returns with lower risk.
Equity Funds
Mutual funds that invest primarily in stocks, aiming for growth by capital gains rather than income from dividends or interest.
- Comprehend the apportionment of mutual fund assets across distinct types of funds, namely bond funds, equity funds, and money market funds.
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Learning Objectives
- Comprehend the apportionment of mutual fund assets across distinct types of funds, namely bond funds, equity funds, and money market funds.
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