operating expenses of types of mutual funds

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1. Would you expect a typical open-end fixed income mutual fund to have higher or lower operating expenses than a fixed-income unit investment trust? Why?

Please discuss in detail and give two references.

The open-end fixed income mutual fund has higher operating expenses than a fixed income unit investment trust. The reasons why open-end fixed income mutual fund will have higher operating costs is that the fund has to issue new shares to investor based on the current net asset value and redeem the shares when the investor decides to sell. In other ...