A fund that has a fixed number of shares outstanding and is traded on an exchange is called a(n)

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A closed-end fund has a fixed number of shares outstanding and is traded on an exchange. Open-end mutual funds have a variable number of shares outstanding and are bought and sold at their net asset value. Hybrid funds combine features of both stocks and bonds. Market timing funds attempt to time the market for buying and selling securities. Index funds track a specific index and attempt to replicate its performance.

A Fund That Has a Fixed Number of Shares Outstanding