Closed-end fund

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Related to Closed-end funds: 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 ?
Mergers of Three Closed-End Funds into Open-End Funds
Putnam Investments believes that the closed-end Funds continue to hold an important position in the broad range of Putnam products.
The firm manages assets for several FORTUNE 500 companies, foundations, endowments, public pension plans, insurance companies and another closed-end fund, the Advent/Claymore Enhanced Growth & Income Fund (NYSE: LCM).
To accomplish these objectives, the RiverNorth methodology first weights the asset classes based on their respective net asset values within the taxable closed-end fund market and second, selects the most liquid closed-end funds within each asset class and equal weights each security to represent the asset class in the index.
RiverNorth Capital Management, LLC, is a leading investment management firm specializing in closed-end funds.
The municipal managed account, called First Trust Municipal Closed-End Fund Portfolio, begins with a universe of approximately 110 national municipal closed-end funds.
The court believed a correct analysis would be to take the arithmetic mean of all of the closed-end funds, as shareholders in all closed-end funds lack control.
Closed-end funds are priced at a discount to their NAV because managers of such portfolios are perceived as less responsive to profit opportunities.
According to Fitch's proprietary closed-end fund leverage database, the use of ARPS by tax-exempt closed-end funds has declined to 62% of total leverage utilized by such funds, down from 85% during the first half of 2007.
Of these, 71% are invested in closed-end funds solely to receive income, as opposed to capital appreciation.
George has published articles on closed-end funds in both Barron's and Pensions & Investments.
For years investors have struggled with how to view the performance of their closed-end funds.