IIA
IIA-CFSA · Question #488
There are some investment companies, known as exchange-traded funds or ETFS, which are legally classified as open-end companies or UITs. EFTs differ from traditional open-end companies and UITs…
The correct answer is D. All of these. See the full explanation below for the reasoning.
Question
There are some investment companies, known as exchange-traded funds or ETFS, which are legally classified as open-end companies or UITs. EFTs differ from traditional open-end companies and UITs because:
Options
- APursuant to SEC exemptive orders
- BShares issued by ETFs Traded on a secondary market
- CAre lonely redeem able in very large blocks (Blocks of 50,000 shares for example)
- DAll of these
How the community answered
(47 responses)- A6% (3)
- B4% (2)
- C13% (6)
- D77% (36)
Community Discussion
No community discussion yet for this question.