s u p p l e m e n t a n c i l l a r y t i t l e- universityof utah（s u p p l e m e n t a n c i l l a r y t i t e - universityof utah l）.docVIP

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s u p p l e m e n t a n c i l l a r y t i t l e- universityof utah（s u p p l e m e n t a n c i l l a r y t i t e - universityof utah l）.doc

s u p p l e m e n t a n c i l l a r y t i t l e- universityof utah（s u p p l e m e n t a n c i l l a r y t i t e - universityof utah l）

16 INVESTING IN MUTUAL FUNDS CHAPTER OVERVIEW This chapter describes mutual funds as an investment alternative. We begin our discussion by considering why investors purchase mutual funds. Then, we examine the characteristics of closed-end mutual funds, exchange-traded funds, and open-end mutual funds. The differences between load funds and no-load funds are explained. We describe the major categories of mutual funds in terms of the types of securities they invest in. Finally, methods that can be used to evaluate mutual fund investments and the mechanics of mutual fund transactions are present

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s u p p l e m e n t a n c i l l a r y t i t l e- universityof utah（s u p p l e m e n t a n c i l l a r y t i t e - universityof utah l）.docVIP