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'Welcome': Mutual Funds Reopen Their Doors To New Investors

TedTed
in Fund Discussions
FYI: Some smaller corners of the market have stalled recently, even as the Standard & Poor's 500 index closes in on its record high. That means some fund managers are once again welcoming new investors, after they had closed their funds years ago to new money.

More than a dozen mutual funds have reopened their doors over the last year, according to data compiled by Morningstar. The number doesn't include funds that have partially re-opened -- those that still bar new entrants but allow longtime investors to add more money.
Regards,
Ted
http://abcnews.go.com/Business/print?id=28927836

Comments

  • Tampabay
    ALWAYS a reason.....find it...
  • heezsafe
    edited February 2015
    You'll simply be buying shares from larger institutional holders as they cash out.

    p.s. Shiller CAPE hit 27.6 on Friday.:)
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