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Sagot :
Statement about closed-end investment companies is true redeemed at net asset value.
A closed-end fund is a form of mutual fund that problems a hard and fast range of stocks via an unmarried preliminary public supplying (IPO) to elevate capital for its preliminary investments. Its stocks can then be offered and bought on a inventory change however no new stocks can be created and no new cash will circulate the fund. Exchange-traded funds (ETFs) are commonly additionally established as open-quit funds, however, may be established as UITs as well. A closed-quit fund invests the cash raised in its preliminary public supplying in stocks, bonds, cash marketplace gadgets and/or different securities.
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