Closed-end funds have always puzzled me. As vehicles that pool securities with a fixed number of shares sold like stocks, they seemed to be expensive ways of doing what open-ended mutual- and exchange-traded funds do at a much lower cost.
Closed-end funds have always puzzled me. As vehicles that pool securities with a fixed number of shares sold like stocks, they seemed to be expensive ways of doing what open-ended mutual- and exchange-traded funds do at a much lower cost.
Share this Article
Comment on this Article
Recommended
Please to comment