The Willsborough Growth Trust, an institutional investor, issues a fixed number of shares among investors. However, this is not how the trust makes its profit. For maximum returns, it uses the money received from selling its shares to investors and puts it in a portfolio of assets. This scenario is reflective of:

Question

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A closed-end fund issues a fixed number of shares and uses the capital raised to invest in a portfolio of assets, similar to the scenario described.

The Willsborough Growth Trust, an Institutional Investor, Issues a Fixed