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    • Tue Oct 30th 19:22 PM | Rating: 0 0
      Commented on:
      Understanding Closed-End Funds
      This is my second attempt at posting this.

      The technical legal name for the two types of funds under the Investment Company Act of 1940 are: "closed-end management companies" and "open-end management companies."

      Except for purchases and redemptions, the two types are nearly identical.
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    • Tue Oct 30th 18:25 PM | Rating: 0 0
      Commented on:
      Understanding Closed-End Funds
      They are actually a type of mutual fund, whatever the technical legal term used. They are operated identically to a mutual fund, except for the way they are bought and sold. They are regulated like mutual funds. They are run by mutual fund companies, sometimes as duplicate funds of other open-end funds. I'm not sure how the term-splicing destroys the validity of the point.
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