SIE Exam Question 877: Answer and Explanation

Question: 877

Which of the following is a type of mutual fund that invests only in the equity securities of companies located outside the U.S.?

• A. Aggressive growth fund
• B. Balanced fund
• C. Global fund
• D. International fund

Correct Answer: D

Explanation:

International mutual funds invest in the equity securities of companies located outside the U.S. Global mutual funds invest in both international and domestic companies.