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Investment Trust
(redirected from closed-end trust)

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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 exchanges.
Unit Investment Trust
An investment company that offers an unmanaged portfolio of stocks and/or bonds, packaging the portfolio as shares that are redeemable from the trust after a certain period of time. Unit investment trusts are designed to give shareholders income from dividends and/or coupons. See also: Mutual fund.
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Goodman & Company") manager of the Fund, also manages other TSX-listed closed-end trusts including; diversiTrust(TM) Income Fund, diversiTrust(TM) Stable Income Fund and co-manages the diversiYield(TM) Income Fund with Marret Asset Management Inc.
diversiTrust'TM' Income+ Fund Announces Distribution Increase by Business Wire
About the Fund 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.
BluMont Strategic Partners Hedge Fund Appoints New Board Member by Business Wire
It is the portfolio manager of 17 closed-end trusts, 4 flow-through limited partnerships and 11 mutual funds; the manager of an investment corporation; the marketing agent for a series of principal-protected notes; and the administrator of 3 closed-end trusts.
Sentry Select Rogers International Commodity Index ... by Business Wire
 
 
 
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