Closed End Funds
What are Closed End Funds?
These are mutual funds with a fixed number of shares that trade in the
marketplace, much like an Exchange Traded Fund. Because the number of shares of a closed end fund are limited and not
usually redeemed by the fund itself, the shares often trade at a premium or discount to the underlying notes or equities
within the fund. The investment goals of these funds can be as varied as those of the open end funds.
Why Investors Care?
Investors who purchase shares in a closed end fund are often trying to
buy the value of the underlying assets when they believe the closed end fund is trading at a discount greater than justified.
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