as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
what are the pros and cons of investing in a closed-end fund?
user
one advantage not pointed out yet is that closed-end funds typically trade on stock exchanges, whereas mutual funds do not.  this makes closed-end funds more accessible to some investors. i'm a canadian, and this particular distinction matters to me.  with my regular brokerage account, i can buy u.s. closed-end funds that trade on a stock exchange, but i cannot buy u.s. mutual funds, at least not without the added difficulty of somehow opening a brokerage account outside of my country.
assistant