It depends if its a hard close or a soft close. If it is a soft close, yes if you already an investor you could exchange into the fund or sometimes you could set up systematic investments to the fund. A hard close wont allow any new investments to the fund if you are already an investor or not.
2006-08-23 06:12:21
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answer #1
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answered by jojo 6
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Mutual funds close to new investors when they grow larger than their charter permits. The excess size in funds limits the flexibility for the fund managers. Current investors can still invest more money at these times. When, through attrition or other factors, the fund is once again within it's designed parameters, it will open to new investors.
2006-08-23 06:10:37
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answer #2
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answered by mzJakes 7
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for open end funds...
If you are already an investor then money may be added..
New investors may not open an account.
for closed end funds
(these trade on stock exchanges, nyse, nasdaq, etc..)
most are closed to new investors altho sometimes a secondary offering is made in which case more investors may buy...
otherwise, then
must buy its "stock" from someone that is selling it.
2006-08-23 06:15:17
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answer #3
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answered by DM 4
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If you already own shares in the fund you can add to it.
2006-08-23 06:10:45
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answer #4
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answered by Kokopelli 7
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trial and error: you can probably try and see if you can actually buy the fund.
2006-08-24 21:11:33
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answer #5
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answered by Anonymous
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hi, look at this:
http://www.bernanke.cn/what-is-a-mutual-fund.html
Best Wishes && Good Luck!
2006-08-23 16:28:30
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answer #6
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answered by stock_trade_expert 3
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