If this is an open ended fund, what is a closed ended fund or do they even exist?

So when you have this regular open end mutual fund, any individual investors can come to the fund and say

So open one under International Health Fund . She'll wire the cash there.

Investment

So the big difference open ended fund when an investor wants their money back they have to deal with the fund itself the fund will buy back their share

Investment income.

And what's special about an open ended mutual fund is that the close, or end of every day, either new shares can be removed from the fund, or be created before the fund.

Hedge Fund 1.

Pete's mutual fund.

Then you could have another pension fund, Pension Fund 2.

I had a 1 million investment, one time investment.

This isn't investment.

It's an investment.

Investment in what?

I want investment.

Or think of investment.

Credit card, investment account?

isn't an unwise investment.

Emotional investment in patients.

Singapore's Central Fund provides pensions.

He's good at fund raising.

They'll fund anything these days.

And a closed end fund

So that's me, pension fund.

I am a pension fund.

Supported by JAPAN ARTS FUND

I guess, further complicate this even more, so that you can open up the investment to even a

In the previous example, I had Pension Fund 1, that was my pension fund.

In the last video we had Pete starting an open ended mutual fund that was managed by Pete Inc.

So also investment goes up.

So there's no net investment.

What is my alternative investment?

That could be an investment.

Consider it a capital investment.

A colleague of mine got access to investment records from Vanguard, the gigantic mutual fund company of about a million employees and about 2,000 different workplaces.

IMF stands for International Monetary Fund.

So now the fund has 500.

It could be a hedge fund.

And this is Pension Fund B.

He has a fund for orphans.

My rainyday fund. Sixtyeight thousand, okay?

But it's managed by Pete Inc. and we called it an open ended fund because at any time one of the people who owned a share or unit in the fund can redeem it back from the fund that Pete or the management company would say

Open, open... Open comlink channel.

Open your eyes. Open, open.

And to give you an idea of the last fund that Kleiner raised was a 400 million fund, so this for us is a very substantial fund.