Sunday, November 30, 2008

Today's Fly Or Die Commerce Report: Closed Funds

According to Investopedia: "A mutual fund that has been closed- either temporarily or permanently- to new investors because the investment adviser has determined that the fund's asset base is getting too large to effectively execute its investing style.

Generally, current shareholders in a closed mutual fund are permitted to continue investing in the fund, but sometimes they are also be precluded from making additional investments.

A closed mutual fund should not be confused with a closed-end fund."

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