Question

Goodwin Ross Mid Cap Growth is a fund that lets its investors buy ownership in a market basket that contains different securities. The fund's market basket has a composition that is similar to the composition of the Dow Jones Industrial Average stock index. In this scenario, Goodwin Ross MidCap Growth is a(n) _____.

Answer 1

exchange-traded fund

Step-by-step explanation:

Goodwin Ross Mid Cap Growth is an investment company that offer their clients different set of portfolios to invest their clients’ money. According to the information the Goodwin Ross Mid Cap Growth is an exchange-traded fund company that invests in different portfolios such as stocks, commodities and bonds in the financial market similar to the composition of the Dow Jones.