| 1. | No matter the goal, closed funds have their merits.
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| 2. | By closing funds, companies can restrict inflows and prevent funds from becoming unmanageable.
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| 3. | Friends and family may provide the easiest point of entry to a closed fund.
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| 4. | Some products are closed funds or limited partnerships.
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| 5. | Charles Royce, Barton Biggs and other open-fund managers also tend closed funds.
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| 6. | And some closed funds mirror open-end mutual funds-- except for the discounts.
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| 7. | But closed funds can be dangerous.
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| 8. | A Newborn Cousin For a Closed Fund
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| 9. | "It just isn't Fidelity's style to close funds,"
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| 10. | MUTFUND / Closed Funds-- 1 x 3 1 / 2-- MUTFUND-CLOSED
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