Closed-end mutual funds are:

Question

Quizplus · Accepted Answer

Closed-end mutual funds have a fixed number of shares that are publicly traded on the open market, meaning that investors can buy and sell shares from other investors rather than directly from the fund. This differs from open-end mutual funds, also known as mutual funds, which are publicly traded with an unlimited number of shares that can be bought and redeemed directly from the fund at their net asset values. Option A describes private funds, while option C describes open-end mutual funds. Option D is incorrect as closed-end mutual funds are publicly traded and can be purchased by any investor, not just large hedge funds.

Closed-End Mutual Funds Are