There are more closed-end investment companies than there are open-end companies.

Name: There are more closed-end investment companies than there are open-end companies.
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There are actually more open-end investment companies (also known as mutual funds) than closed-end investment companies. According to the Investment Company Fact Book, as of 2021, there were 7,925 open-end investment companies and 534 closed-end investment companies in the US.

There Are More Closed-End Investment Companies Than There Are Open-End