Invest In Close-End Mutual Fund
These days there are thousands of mutual funds for investors to choose from. Most investors are aware of the close-end mutual funds. A closed-end mutual fund is one that is bought and sold just like the shares of a regular stock. It issues a specific, limited number of shares and the shares in closed-end mutual fund remains fixed.
Close-end mutual fund is traded over-the-counter like stocks. The value of shares is determined by demand and supply in market. An individual investor can’t affect the total size of closed-end mutual fund. If you want to purchase and sell the shares of close-end fund you have to take the help of broker to find sellers and buyers.
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Submitted by admin on Thu, 2006-11-16 08:35.