It’s not a closed-end fund.
Foreign exchange and fund are not the same kind. Foreign exchange is the creditor’s right held by the administrative authorities (central bank, monetary management institution, foreign exchange stabilization fund and the Ministry of Finance) in the form of bank deposits, Treasury bills, long term and short term government securities, etc., which can be used at a time.
Foreign exchange includes foreign currency, foreign currency deposits, foreign currency securities (government bonds, Treasury bills, corporate bonds, stocks, etc.), foreign currency payment certificates (bills, bank deposit certificates, postal savings certificates, etc.).
Closed-end fund is a type of fund, closed-end fund is in closed operation of the fund, the fund is closed after its establishment, during the closed period can not do any operation, want to buy and redeem need to wait until the fund listed trading or regular Open Day.
