Vanguard's precious metals fund is closed to new investors. Why? How do I get in? - vanguard precious metals
Vanguard and other companies to close to new investors in mutual funds because they have sufficient investment of shareholders, and will not accept new investments over time. They have enough money to manage for the moment nothing else to impose a burden and not allow them to invest according to their agenda was. They reserve the right to close to new investors, require a minimum initial investment, minimum additional investment is needed, options for the reinvestment of dividends and capital gains if they are paid at all. Everything is in the prospectus to be read before investing in anything.
Tuesday, December 29, 2009
Vanguard Precious Metals Vanguard's Precious Metals Fund Is Closed To New Investors. Why? How Do I Get In?
2 comments:
Sometimes, when you can buy 1 shares from an existing shareholder, you can use to open an account and invest more money.
The first thing to do, you find another shareholder.
Close Fund if more capital so that they can actually perform.
For example, if managed 2.3 million in the capital, and continued to lose some of these operations, it is easier to disrupt the financial markets elsewhere without withdraw (money from certain areas, etc..) When, with 2.3 billion dollars, making it much more difficult to move the capital, and it takes several increases (increase in individual stocks, bonds, higher interest rates, higher dividends) increase in NAV funds.
Rarely open to closed-end funds when they reach a plateau and need money. Continue to monitor the fund and may be opened in a few years back, but now probably not as profitable.
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