When Open Is Closed & Closed Is Open
ML Research Desk 21 March 2006

Why are closed-end funds coming back?

You cannot enter some funds. And you cannot exit certain others. That sums up the latest situation of the Indian fund world. Mutual funds are closing down open-ended funds and opening up closed-end ones. What does it mean? It is a clear indicator that fund managers, who are an eternally bullish tribe, are having second thoughts about the way the market may...

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