Chamois16

Understanding Closed-End Funds

It seems like someone who has worked in the field would know that closed-end funds are not mutual funds. The misuse of the term destroys the validity of whatever point is being made.

"Closed-End Funds

"A "closed-end fund," legally known as a "closed-end company," is one of three basic types of investment company. The two other basic types of investment companies are mutual funds and unit investments trusts (UITs)." -sec.gov