Closed-end fund

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Related to Closed end: Closed End Investment Company

Closed-end fund

An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund.

Closed-End Fund

A mutual fund that issues a fixed number of shares at its establishment, and, afterwards, neither increases nor decreases the number of shares. Like other mutual funds, a closed-end fund is actively managed, meaning that the securities underlying the fund change from time to time in accordance with the fund's investment goals. A shareholder in a closed-end fund redeems shares with the issuer as with open-end funds, but may trade shares as if they were stocks. The value of shares in a closed-end fund is determined by supply, demand, and the fund's net asset value. See also: Exchange-traded fund.

Closed-end fund.

Closed-end mutual funds are actively managed funds that raise capital only once, by issuing a fixed number of shares. Like other mutual funds, however, fund managers buy and sell individual investments in keeping with their investment objectives.

The shares are traded on an exchange and their prices fluctuate throughout the trading day, based on supply, demand, and the changing values of their underlying holdings. Most single country funds are closed-end funds.

References in periodicals archive ?
Use of Leverage in Closed End Funds Capital Link Forum Presentation' dated April 27, 2011.
All of the eleven prior joint ventures between Mills and Kan Am have been in ground up development projects, and were funded through Kan Am's closed end funds.
Kan Am Grund's open end funds' investments in our stabilized properties will not impact their closed end funds' investments in our development projects.
Fitch's market update extends its methodology to rate the debt and preferred stock of closed end funds investing in convertible securities and preferred stocks,' said Dunetz.