A closed-end fund is a fund in which shares are issued only when the fund is organized.

Name: A closed-end fund is a fund in which shares are issued only when the fund is organized.
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A closed-end fund is a type of investment fund where the shares are issued only when the fund is organized and are then traded on stock exchanges like regular stocks. The number of shares doesn't change based on investor demand, unlike open-end funds where new shares can be issued as more investors want to invest.

A Closed-End Fund Is a Fund in Which Shares Are