Closed-end funds and open-end funds/mutual funds
9 important questions on Closed-end funds and open-end funds/mutual funds
What is the role of the board of directors in closed-end and open-end/mutual funds?
What is price of closed-end shares?
What are the two puzzles with closed-end funds?
- there is a margin between price and NAV. premiums or discounts tend to get smaller over time
- more funds sell at discount than at premium but when originally issued prices are often above NAV. It is wiser to just wait and then buy, but they do not do it
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What is the situation in an open-end fund with shares?
What is the price of open-end funds/mutual funds?
When are the transactions executed in an open-end fund?
What is a demand for the fee structure of an mutual fund?
The fee structure includes 4 types of expenses, name them and how they are defined
- Operating expenses: percentage of total assets under management, deducted from the fund
- Front end load: commission when shares are purchased
- Back end load: "exit" fee when shares are sold
- 12 b-1 charge: distribution costs (advertising, brokers commission)deducted from assets of fund
Do mutual funds earn superior returns?
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
