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Verschlusspanik (fair-SCHLOOSE-pah-neek) is a German word that [literally] means "closing panic." It refers to the rush of new investors (and new capital) into consumer investments like mutual funds that occurs when the sponsoring [financial] house announces that its fund will no longer accept new accounts beyond a certain date. That "last-minute" stampede is due to Verschlusspanik on the part of potential investors who [do not want] to be shut out of the fund.
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