19. What is the difference between open end fund and closed fund? A) Closed end funds should redeem below NAV B) Open end funds are traded on the stock exchange C) Open end fund is selling at a discount from the market value D) Closed end funds sell at a discount from NAV 20. Exchange-Traded Funds (ETF) is A) a closed end investment scheme B) traded on the stock exchange C) charged higher cost management compared to unit trust D) actively managed compared to unit trust