CFA Practice Question

There are 275 practice questions for this study session.

CFA Practice Question

A closed-end investment company that invests in various types of real estate and/or real estate mortgages is called a ______.
A. property annuity
B. real property mutual fund
C. REIT
Explanation: REITs securitize real estate assets and facilitate indirect investment in real estate markets.

User Contributed Comments 2

User Comment
timkalt Are REITs always closed-end? I was focusing on this aspect.
sevywonder @Tim That threw me for a loop too, but it definitely isn't a property annuity, and RPMFs are excluded per prospectus from investing in mortgages
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