Český finanční a účetní časopis 2025(2):4-18 | DOI: 10.18267/j.cfuc.611

Closed-end funds or Open-end funds?

Petr Musílek
Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví, katedra bankovnictví a pojišťovnictví, nám. W. Churchilla 4, 130 67 Praha 3

The paper discusses the issue of development the position of individual types of investment funds. The introductory part of the paper discusses the more detailed characteristics, advantages and risks of collective investment funds. The paper discusses key milestones in the development of the institutional arrangement of collective investment. The advantages and disadvantages of closed-end and open-end funds are also analyzed. The final part of the paper analyzes the reason for the boom of open-end funds compared to closed-end funds in recent decades.

Keywords: Collective investments; Closed-end funds; Open-end funds; Net asset value
JEL classification: G23

Accepted: August 23, 2025; Published: November 26, 2025  Show citation

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Musílek, P. (2025). Closed-end funds or Open-end funds? Czech Financial and Accounting Journal, 2025(2), 4-18. doi: 10.18267/j.cfuc.611
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    References

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