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21-02-2024
Business

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What is the difference between closed-end funds and exchange-traded funds?
1) Closed-end funds are actively managed by portfolio managers, while exchange-traded funds are invested in the stocks of a certain index.
2) Closed-end funds are invested in the stocks of a certain index, while exchange-traded funds are actively managed by portfolio managers.
3) Closed-end funds and exchange-traded funds are both actively managed by portfolio managers.
4) Closed-end funds and exchange-traded funds are both invested in the stocks of a certain index.

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