2. Characteristics of mutual funds Characteristics of Open-End Mutual Funds Open-end mutual funds are the most common type of investment company. Which of the following statements characterize these funds? Check all that apply. Fairly liquid investments. Issue new shares in response to increased demand. Increase diversification but do not reduce nonsystematic risk. Require minimum purchases of $3,000. Charge high fees in exchange for professional management. on a stock exchange pducts that are similar in many ways to open-end funds-with differences that can make them desirable for to the fund for a guaranteed price ssues a fixed number of shares upon the creation of the fund, which investors can resell on a stock exchange . This means that the price of a share depends primarily on the performance of the underlying stocks . 2. Characteristics of mutual funds Characteristics of Open-End Mutual Funds Open-end mutual funds are the most common type of investment company. Which of the following statements characterize these funds? Check all that apply. Fairly liquid investments. Issue new shares in response to increased demand. Increase diversification but do not reduce nonsystematic risk. Require minimum purchases of $3,000. Charge high fees in exchange for professional management. performance of the underlying stocks cts that are similar in many ways to open-end funds-with differences that can make them desirable for es a fixed number of shares upon the creation of the fund, which investors can resell expectations of other investors . This means that the price of a share depends primarily on the performance of the underlying stocks