Closed-end fund

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Related to Closed end fund: Mutual funds, Open End Fund

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
The closed end funds are managed by Voya Investment Management, which as of 31 December 2018 had over USD203bn funds under management.
M2 EQUITYBITES-September 18, 2018-Six Voya Equity closed end funds announce monthly and quarterly distributions
All of the above are closed end funds and the brand DWS represents DWS Group GmbH & Co KGaA and any of its subsidiaries such as DWS Distributors Inc, which offers investment products or DWS Investment Management Americas Inc and RREEF America LLC which offer advisory services.
The closed end funds, HNW, PHD and PHT are taxable, while MAV and MHI are tax exempt.
All four of the closed end funds are managed by AllianceBernstein LP.
Bank of America Corp (NYSE: BAC) closed end funds have cut their dividends.