A/an ________ is an example of a closed-end fund.

Question

Quizplus · Accepted Answer

An ETF, or exchange-traded fund, is a type of closed-end fund that trades on an exchange like a stock. It is called a closed-end fund because there is a fixed number of shares issued, and those shares can only be bought or sold on the stock exchange. This is different from an open-end fund, which issues and redeems shares based on investor demand. Samurai and Vanguard are not examples of closed-end funds, and unlisted investment is a generic term that cannot be categorized as a type of fund.

A/an ________ Is an Example of a Closed-End Fund