Investments & Financial Planning
What Is A Closed End Mutual Fund ?
A closed end fund issues a fixed number of shares that trade similarly to shares of publically held corporations listed on the stock exchange.The daily price of a closed end mutual fund may be below or above the net value of its investment portfolio. This is different than a open end fund. An open end fund characteristic is the value of and the number of shares in your portfolio change daily as investors purchase and redeem shares.
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