Are your clients worried about one of their mutual funds being closed to new investors? A fund may close its doors to new shareholders for a variety of reasons. In some cases, it may not be able to accomplish what it initially sought to do if it becomes too big, especially in less liquid markets. Other times, a company may launch a new fund with an announced limit on how big it wants to get. In any case, these funds can still turn out profits for their investors. For this list, we considered all mutual funds that closed in the past three years, and then ranked them by three-year annualized returns. Only funds with at least $100 million in assets were considered. All data from Morningstar.
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