If you’re considering investing in a mutual fund or ETF, you might have heard the terms “open-end” and “closed-end” and immediately scratched your head in confusion. Indeed, these are two distinct types of funds, with some major similarities, and some important differences.
Mutual funds are a popular way to invest, and if you have a 401(k) or other workplace retirement plan, you probably own some. But mutual funds can be misunderstood. Here are four common myths about mutual funds that you should know.