Canadian Securities Course (CSC) Practice Exam · Question
Which type of mutual fund typically invests in a diversified portfolio of common shares and aims for long-term capital appreciation?
Equity funds primarily invest in common shares and are designed for investors seeking long-term capital growth. Money market funds are short-term debt, bond fun
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Question: Which type of mutual fund typically invests in a diversified portfolio of common shares and aims for long-term capital appreciation?
Answer options:
- Money market fund
- Bond fund ✅ Equity fund
- Balanced fund
Correct answer: Equity fund
Explanation: Equity funds primarily invest in common shares and are designed for investors seeking long-term capital growth. Money market funds are short-term debt, bond funds are fixed income, and balanced funds mix equities and fixed income.
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