SIE Exam Question 595: Answer and Explanation

Question: 595

A mutual fund that invests in securities both inside and outside the U.S. is known as which of the following?

• A. Arbitrage fund
• B. Global fund
• C. International fund
• D. Long-short fund

Correct Answer: B

Explanation:

A mutual fund that invests in securities both inside and outside the U.S. is known as a global fund.