A closed-end fund is a kind of investment company does she own and a closed-end fund does not allow for redemptions or future purchases from the issuing fund.
What is the meaning of closed ended fund?
- A closed-end fund is a fund that invests its capital in financial assets like stocks and bonds after raising money by issuing a certain number of shares that are not redeemable.
- In contrast to open-end funds, managers of closed-end funds do not issue more shares to satisfy investor demand.
- A closed-end fund is a form of mutual fund that, in order to obtain money for its initial investments, issues a predetermined number of shares through a single initial public offering (IPO).
- After then, its shares can be purchased and sold on a stock market, but no new shares or funds will be generated for the fund.
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