A closed-end fund is a mutual fund in which shares issue just when fund is
A
organized
B
unorganized
C
copied
D
random behaviour showing
Correct Answer: organized
A closed-end fund is a mutual fund in which shares issue just when fund is organized. A closed-end fund (CEF) or closed-ended fund is a collective investment model based on issuing a fixed number of shares which are not redeemable from the fund.