HKSI Paper 12 Practice Questions - HKSI Licensing Examination Paper 12 - Asset Management Exam

What is the defining feature of an open-end fund?

Its units trade on an exchange at a price set by supply and demand It continuously issues and redeems units at net asset value It has a fixed number of units that never changes It can only be sold to professional investors

Correct Answer:

It continuously issues and redeems units at net asset value

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