Closing a fund and returning the money before its term ends
When a fund grows too small to run, or something else makes it unworkable, it is wound up. Cash comes back at that day's price, so it counts as a sale even if the market is down. A plan to hold for years simply stops there.
Some funds state they will wind up if assets fall below $30 million.
For learning, not investment advice. Decisions are your own.
StockFit · TrueNorthLabs Inc.