Keyword Analysis & Research: nuveen closed end municipal bond funds

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What does closed end fund mean?

A closed-end fund is a type of mutual fund that issues a fixed number of shares through a single initial public offering (IPO) to raise capital for its initial investments. Its shares can then be bought and sold on a stock exchange but no new shares will be created and no new money will flow into the fund.

Are ETFs closed ended?

ETFs, like closed-end funds, trade throughout the day, but they often track a market index, such as the S&P 500, which is a stock market index of significant U.S. corporations. As a result, ETF management fees are frequently lower – any difference in fees is returned to investors.

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