An Investor's Guide to Closed-End Muni Funds

by Annette Thau

An Investor's Guide To Closed End Muni Funds Splash image

Technically, ordinary mutual funds are known as open-end funds. That is because, when they are launched, the number of shares is open-ended, and the fund can continuously issue new shares as capital comes in.

A second type of fund exists, not as well known, called closed-end funds: These are launched with a fixed number of shares outstanding.

In this article

Share this article

Either type of fund can serve as a vehicle for investing in a managed portfolio of bonds. Like their open-end cousins, closed-end bond funds cover the entire bond universe, including:

To read more, please become an AAII Registered User or CLICK HERE.

First:   
Last:   
Email:

              
→ Annette Thau