Mutual funds often have to sell holdings that have increased in value to raise cash to meet shareholder redemptions. (nextshares.com)
A mutual fund manager must constantly re-balance the fund by selling securities to accommodate shareholder redemptions or to re-allocate assets. (mutualfundobserver.com)
The board forthrightly attributed the closure to «recent Fund performance, the inability of the Fund to garner additional assets, the relatively small asset size of the Fund, recent significant shareholder redemptions, and other factors.» (mutualfundobserver.com)