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What does closed investment product mean?

Closed investment means that the investment vehicle or fund is no longer available as the club has elected to close the product or the product has reached it's maturity date having previously been a fixed term investment. 


In all cases it means that 100% of all assets have been either distributed to those previously invested or as is the fact in most cases the assets have been realized by the fund or investment vehicle and the proceeds of which have been remitted to those previously invested.


 



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