While reviewing mutual fund reports, Allen noticed that a fund was reported as "closed". What is the primary reason for closing a fund?

Question

Quizplus · Accepted Answer

The primary reason for closing a fund is that it has grown too large. When a fund becomes too large, it can become difficult for the fund manager to effectively manage the assets and maintain the desired investment strategy. As a result, the fund may decide to stop accepting new investments or even liquidate completely.

While Reviewing Mutual Fund Reports, Allen Noticed That a Fund