Question

XYZ Corporation’s securities are offered in units of 50,000 units. These securities are mutual funds and are most likely _____. mutual funds unit investment funds closed-end funds over-the-counter securities

Answer 1

The right approach will be "Unit investment funds ".

Step-by-step explanation:

• Unit investment trusts or funds were already widely recognized as financial services companies alongside mutual funds as well as closed-end funding.
• A unit investment confidence seems to be a US consequence of finance that purchases or retains a collection of shares, including such alternative investments but instead allowing them access as available for purchase products to investment firms.