A question on VG Wellington

[ShokWaveRider]

This may be a silly question but I am curious as the fund is now open to folks like us. If I buy say $10k of this fund and it closes again, can I still invest more as an existing investor or is that it till it opens again?

 

[pb4uski]

Typically where a fund closes it just closes to new investors so existing holders can continue to buy in.

 

[yakers]

Usually once you are in a fund you can continue to add to it, it is closed to new investors.

 

[ShokWaveRider]

Thanks, this may be another silly question. Is there a history of once open, how long it takes before it closes. I am speculating a down marked in the near future and would rather wait a little to put a chunk in.

 

[pb4uski]

Usually a fund closes because it is successful and attracting a lot of deposits - more than the investment manager can invest given the fund's objective and closing the fund to new investors is a way to slow down the inflow and meet the fund's investment objectives.