A closed ended fund, such as an investment trust, has a fixed number of shares and is structured in a similar way to a company. Conversely, an open ended fund (or mutual fund) , has no limit on the number of shares or units.
A closed ended fund, such as an investment trust, has a fixed number of shares and is structured in a similar way to a company. Conversely, an open ended fund (or mutual fund) , has no limit on the number of shares or units.