Question
There are five main categories of mutual funds: Equity, Fixed Income, Money Market, Balanced and Index. For each of the following examples, describe which category
There are five main categories of mutual funds: Equity, Fixed Income, Money Market, Balanced and Index. For each of the following examples, describe which category of mutual fund is most clearly being illustrated: a) A mutual fund that includes shares of TD Bank stock and TD Bank corporate bonds. b) A mutual fund that includes shares of Scotiabank and Microsoft stocks. c) A mutual fund that includes Government of Canada one-month bonds. d) A mutual fund that includes the shares of all companies included in the S&P 500. e) A mutual fund that includes Government of Canada ten-year bonds.
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