Canadian Securities Course (CSC) Practice Exam · Question
A mutual fund that invests only in preferred shares is categorized as which type of fund?
Preferred shares are a type of equity security. Therefore, a fund investing primarily in preferred shares is considered an equity fund.
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Question: A mutual fund that invests only in preferred shares is categorized as which type of fund?
Answer options: ✅ Equity fund
- Money market fund
- Bond fund
- Balanced fund
Correct answer: Equity fund
Explanation: Preferred shares are a type of equity security. Therefore, a fund investing primarily in preferred shares is considered an equity fund.
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