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Course 404: Closed-end Funds | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital Inflows and Outflows | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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After the IPO, there are only 5 ways to increase capital within the portfolio of a closed-end fund:
Similarly, there are only five ways capital can flow out of a CEF:
So, because capital does not flow freely into and out of CEFs, they are referred to as "closed-end" funds. Next: Premiums and Discounts >> |
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