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An important difference between an "open end fund" vs. a "closed end fund" is that in the former sellers sell their shar
Posted: Wed May 18, 2022 10:19 pm
by answerhappygod
- An Important Difference Between An Open End Fund Vs A Closed End Fund Is That In The Former Sellers Sell Their Shar 1 (15.25 KiB) Viewed 66 times
An important difference between an "open end fund" vs. a "closed end fund" is that in the former sellers sell their share to the market, while in the latter the fund must provide liquidity to investors who wish to sell their stake in the fund. Taking this information into account, which one should maintain a higher balance of the asset in cash? Explain why.