Real Estate Analyst Question:
Tell me what is closed-end fund? Open end?
Answer:
Closed- end means that the fund is limited in life. The investment managers must make acquisitions, manage, and enhance their assets, within a given time period.
Open-end means that the investment period is infinite and the fund will achieve success through cash flow, sales, and equity offerings.
Open-end means that the investment period is infinite and the fund will achieve success through cash flow, sales, and equity offerings.