What are closed-end funds? Why do some closed-end funds use leverage to raise more funds rather than issue new shares like mutual funds? Why might the price of a share of a closed-end fund diverge from its NAV? What is the difference between a unit trust and a closed-end fund?

5 Option. What is an index fund?

Answer rating: 100% (QA)

Closed funds Definition ClosedEnd Funds CEF are a type of investment fund with a fixed number of shares that are traded on stock exchanges like stocks ... View the full answer