Question: What is the difference between an open-end mutual fund and a closed-end fund? What is the difference between an open-end mutual fund and a unit

What is the difference between an open-end mutual fund and a closed-end fund? What is the difference between an open-end mutual fund and a unit investment trust?

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Mutual funds are open end in that the number of shares outstanding fluctuates daily with the amount of share redemptions and new purchases Shares are redeemable meaning that investors buy and sell sha... View full answer

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