What is an open-end mutual fund what types of companies, Financial Management

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What is an open-end mutual fund what types of companies

1. Open-End Funds. What is an open-end mutual fund? What types of companies usually manage open-end funds? Describe how these funds work on a day-to-day basis.

2. Closed-End Funds. What is a closed-end fund? Describe how closed-end funds function.

3. Load Funds. What is the difference between noload and load mutual funds? How do loads affect a fund's return? Why do some investors purchase load funds? How does an investor purchase a noload fund?

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