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Investor's Guide answers mutual fund open and closed formats
Sam Shulsky explains that a fund can close to new investors while still accepting existing shareholder additions. A closed end fund trades shares among investors rather than selling new stock. The column also covers over the counter pricing, learning to read prospectuses, and tax-sheltered annuities versus growth funds, with reader questions answered by mail.
MENTIONED IN THIS ARTICLE
Sam Shulsky Aurore
Steek Ming Guine
Igpe
duPont
Ford