What is the difference between an open-ended fund and a closed-ended fund?
The major difference is the flexibility to invest and manage your money 💰
➤⠀with open-ended funds, you can invest and withdraw money at any time;
In general, open-ended funds can be seen as highly liquid savings alternatives, distributed through the banking network. 📈
➤⠀on the other hand, with closed-end funds, you will only be able to carry out operations on pre-determined dates, as they are investment funds long-term.
In their case, investors can purchase them exclusively from BT Asset Management SAIwith a recommended minimum holding period of 1 year. ⏳
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