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Closed-end fund |
Also found in: Wikipedia | 0.06 sec. |
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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. 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| There are hundreds of listed ETFs, but they generally fall into one of two categories: closed-end funds and index ETFs. BOSTON -- Pioneer Investments today announced the declaration of dividends for six closed-end funds for October 2007. Closed-end funds have a certain amount of money to invest, from funds raised in an initial public offering. |
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