For "closed end" mutual funds as distinguished from mutual funds that increase available shares as investment dollars received by the fund come in.
The converse of this, (that shares are of regular mutual funds decrease when investors withdraw money or sell shares) is the basis of professional investors preferring certain, specific kinds of well managed closed end funds. That permits the closed end fund manager the freedom to NOT sell illiquid, slowly traded shares they hold and further protects the closed end from massive "all at once" liquidations. However, CAVEAT: Buyers must learn the ropes because being closed end in no way assures quality managers or good investment potential in funds.
Last update : 2003-06-13 23:51:38
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