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Please find below frequently asked questions. What is a closed-end fund?

April 26, 2017closed-end fund

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Please find below frequently asked questions. What is a closed-end fund?

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A closed-end fund is a publicly-quoted company that invests in the shares of other companies or in fixed-interest securities, unquoted securities, funds or property. The share price of a closed-end fund is determined by the supply and demand for its shares on the stock market. A closed-end fund has an independent board of directors who are responsible for looking after shareholders’ interests.