Closed-End Fund Definition
https://www.investopedia.com/terms/c/closed-endinvestment.asp
A closed-end fund is a type of mutual fund that issues a fixed number of shares through a single initial public offering(IPO) to raise capital for its initial investments. Its shares can then be bought and sold on a stock exchange but no new shares will be created and no new money will flow into the fund. In contrast, an open-ended fund, such as mo...
A closed-end fund is a type of mutual fund that issues a fixed number of shares through a single initial public offering(IPO) to raise capital for its initial investments. Its shares can then be bought and sold on a stock exchange but no new shares will be created and no new money will flow into the fund. In contrast, an open-ended fund, such as mo...
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