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REVIEW OF OPEN AND CLOSED MUTUAL FUNDS
SPONSOR: http://www.MarcinkoAssociates.com
By staff reporters
A closed-end fund (CEF) or closed-ended fund is a collective investment model based on issuing a fixed number of shares which are not redeemable from the fund.
CITE: https://www.r2library.com/Resource/Title/0826102549
Unlike open-end funds, new shares in a closed-end fund are not created by managers to meet demand from investors. Instead, the shares can be purchased and sold only in the market, which is the original design of the mutual fund, which predates open-end mutual funds but offers the same actively-managed pooled investments.
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Filed under: "Ask-an-Advisor", Financial Planning, Funding Basics, Health Economics, Investing, Touring with Marcinko | Tagged: CEF, closed fund, closed mutual funds, Marcinko, Mutual Funds, open fund, open mutual funds |
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