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Investment trust |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.06 sec. |
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Investment trust A closed-end fund regulated by
the Investment Company Act of 1940. These funds have a fixed number of shares
that are traded on the secondary markets,
like corporate stock. The market price may exceed the asset value per share, in which case shares are selling at a premium.
When the market price falls below the (NAV)/share,
shares are selling at a discount. Many
closed-end funds are of a specialized
nature; the portfolio represents a particular
industry or, country. These funds are usually listed on US and foreign
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| ? Mentioned in | ? References in periodicals archive | ||
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| NYSE: PEI) is one of the first publicly traded real estate investment trusts, established in 1960 by Sylvan M. Used by real estate and other investment trusts to define the cash flow from trust operations; earnings with depreciation and amortization added back. of stock investment trusts in Japan suffered the largest-ever fall in value in September due to poor investment performances as a result of the global stock |
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