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Investment trust |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.03 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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| For Sentry Select Canadian Income Fund, it assumes that all distributions were reinvested in additional units of each fund or closed-end trust. The BluMont Strategic Partners Hedge Fund is a closed-end trust the primary objective of which is to achieve capital appreciation while managing risk through the use of a diversified hedged equity investment program. UN) is a closed-end trust with the objective of maximizing distributions to Unitholders by investing primarily in a broad range of royalty and income trusts, real estate investment trusts and other high-yielding securities. |
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