Skip to main content
This Board Has Moved

This board has been migrated to our new platform! Check out the new home page at or click below to go directly to the new Board on the new site.

Go to the New Site
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
<<"I looked all over the Fools book I have, plus the web site, and there's no mention of a "closed" fund. Any pointers?"

I believe that a closed fund is an investment company that sells only a fixed number of shares similar to common stock. Basically, it is the same as a mutual fund, except that the mutual fund is always ready to sell more shares at any time. That's why mutual funds are also refered to as open funds. >>

Not all mutual funds are open. Some close themselves to new investors at certain points. I think even Fidelity's big fund Magellan closed for a while (perhaps it's still closed -- not sure). Funds may close if they've gotten so big that it's beoming very hard to invest all their money. Or for other reasons.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.