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What is difference between closed end fund and exchange traded fund?

April 26, 2017closed exchange fund Traded

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What is difference between closed end fund and exchange traded fund?

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An exchange traded fund (ETF) is a type of fund that is traded intra-day on an exchange. Examples include index ETFs and closed-end ETFs. Usually people use the term closed-end funds, but they are a type of exchange-traded fund.