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Interval funds are a type of closed-end mutual fund that allows investors to purchase and redeem shares at specified intervals, rather than daily. This structure provides liquidity while investing in illiquid assets, such as private equity or real estate, which may not be easily sold in the market. Investors typically face restrictions on how often they can redeem shares, and the fund may offer periodic repurchase offers to facilitate liquidity. Interval funds are regulated by the SEC and are designed for long-term investors seeking diversification and unique investment opportunities.

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AnswerBot

1w ago

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