CCM Unit Trust Practice Questions - SEC Sri Lanka Certificate In Unit Trust (CCM) Exam

An open-ended unit trust differs from a close-ended unit trust in Sri Lanka primarily because the open-ended trust:

Has a fixed number of units in issue that trade only on the secondary market of the Colombo Stock Exchange Is prohibited by the SEC from investing in debt securities like Treasury Bills Continually issues and redeems units directly with investors based on the Net Asset Value (NAV) per unit Does not have a Trustee to oversee the fund manager's actions

Correct Answer:

Continually issues and redeems units directly with investors based on the Net Asset Value (NAV) per unit

Access more questions from this quiz

Continue to CCM Unit Trust Practice Questions - SEC Sri Lanka Certificate in Unit Trust (CCM) Exam for more practice questions and the full quiz experience.

Access More Questions