Closed-end funds are a confusing option for many investors. They are investment portfolios that issue a fixed number of shares. But closed-end funds are not actually closed to new investors. And they're not mutual funds or exchange-traded funds.
JOSEPH LISANTI, New York Daily News: Business
Mon, 02/22/2010 - 4:21pm
Closed-end funds are a confusing option for many investors. They are investment portfolios that issue a fixed number of shares. But closed-end funds are not actually closed to new investors. And they're not mutual funds or exchange-traded funds.