A mutual fund had average daily assets of $4.0 billion in 2018. the fund sold $1.5 billion worth of stock and purchased $1.6 billion worth of stock during the year. the fund's turnover ratio is:_________

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12-09-2022
Business

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A mutual fund had average daily assets of $4.0 billion in 2018. the fund sold $1.5 billion worth of stock and purchased $1.6 billion worth of stock during the year. the fund's turnover ratio is:_________

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tutorconsortium344 tutorconsortium344 · Answer 1 · 2022-09-14T22:10:09+02:00

A mutual fund had average daily assets of $4.0 billion in 2018. the fund sold $1.5 billion worth of stock and purchased $1.6 billion worth of stock during the year. The fund's turnover ratio is 37.5%.

A particular kind of investment vehicle called a mutual fund pools the money of numerous participants to purchase a range of securities. In addition to a variety of investments in combination, mutual funds have the flexibility to invest in a broad range of securities, including stocks, bonds, commodities, and alternative assets like real estate.

A mutual fund is an open-end, expertly managed investment vehicle that pools money from various investors to purchase securities. Mutual funds hold the bulk of shares in US firms. Mutual fund investors might be either institutional or retail.

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