The amount of funds under management in a closed-end mutual fund is fixed.

Name: The amount of funds under management in a closed-end mutual fund is fixed.
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This is because a closed-end mutual fund issues a fixed number of shares during its initial public offering (IPO), and after that, those shares can only be bought or sold on a secondary market. Therefore, the amount of funds under management remains constant, as no new shares can be issued or redeemed directly from the fund.

The Amount of Funds Under Management in a Closed-End Mutual