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The technology sector fund was closed earlier in the year.
At that point the fund was closed to new investors.
The fund was closed out on Dec. 31.
As a rule, his fund was closed to new investors, requiring special introductions to the club.
During part of the year the Minsk office International Monetary Fund was closed, but by late November it had reopened.
"He told me the fund was closed, that it was something I couldn't buy," Mr. Dominicé said.
Similar(48)
Investment managers can lose their incentive to per form when their fund is closed and they no longer need a good record to attract new business.
In this sense the fund is closed, but large institutions are able to trade portfolios of the underlying stocks with the fund, which keeps the price of the ETF shares closely in line with the value of the underlying portfolio.
The focused approach has meant that several of the same stocks appear in the portfolios of different Janus funds, so if one Janus fund is closed, investors may find a similar investing style in another offering.
The fund is closed to new purchasers.
The first fund is closed to investors, but a second round will be launched this autumn.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com