Mastery card
I can explain Closed-Ended Fund
A fund that raises money once, then units usually trade on the exchange until maturity.
A closed-ended fund issues fixed units in the offer; afterward you typically buy or sell on the exchange rather than freely redeeming with the AMC.
Sticky trick
Price can trade above or below NAV - check both before buying on exchange.
Take into the room
In plain English, what is Closed-Ended Fund?
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