WHAT IS A “CLOSED-END” MUTUAL FUND

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.

***

***

TEXTBOOK ORDER: https://www.amazon.com/Comprehensive-Financial-Planning-Strategies-Advisors/dp/1482240289/ref=sr_1_1?ie=UTF8&qid=1418580820&sr=8-1&keywords=david+marcinko

What is an INTERVAL FUND?

By Staff Reporters

***

An interval fund is a type of closed-end fund with shares that do not trade on the secondary market. Instead, the fund periodically offers to buy back a percentage of outstanding shares at net asset value (NAV). The rules for interval funds, along with the types of assets held, make this investment largely illiquid compared with other funds.

Related: https://medicalexecutivepost.com/2021/11/22/what-is-an-interval-mutual-fund/

MORE: https://www.investopedia.com/terms/i/intervalscheme.asp#:~:text=An%20interval%20fund%20is%20a%20type%20of%20pooled,time%2C%20or%20intervals%2C%20if%20the%20shareholder%20so%20chooses.

CLOSED FUND: https://medicalexecutivepost.com/2021/11/22/what-is-a-closed-end-mutual-fund/

***

***

COMMENTS APPRECIATED

Thank You

Subscribe to the Medical Executive-Post

***