Home
/ Petroleum & Resources Corporation
/ What type of investment company is Adams Natural Resources Fund?

What type of investment company is Adams Natural Resources Fund?

Open-end fund
Closed-end fund
Mutual fund
Hedge fund

Answer

Adams Natural Resources Fund, formerly known as Petroleum & Resources Corp., is a closed-end investment company. Closed-end funds issue a fixed number of shares and trade on an exchange like stocks, unlike open-end funds that continuously issue and redeem shares.