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Close Ended Mutual Funds

Close-end mutual funds are created by gathering money from investors. However, unlike an open-end fund, close-end funds are traded freely on an exchange such as EGX.

These funds tend to behave as a common stock would. After the fund’s inception, if an investor would like to purchase shares of the closed-end fund, they must find a seller to buy from, and if an investor chooses to sell their shares in the fund, they must find a buyer on the other side to purchase the shares from them.

This means that the total size of the closed-end fund does not change with investor activity. Thus, an investor willing to sell or buy shares of closed-end fund has to submit an order to the member firm or brokerage firm, similar to the procedure used by the investor to purchase or sell shares.

For more information about all listed close ended funds, please click here.
For more information about traded close ended funds today, please click here.

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