Closed-end fund

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Related to Closed end funds: Open End Funds

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 ?
The closed end funds are managed by Voya Investment Management, which as of 31 December 2018 had over USD203bn funds under management.
The closed end funds above are managed by the active asset management firm, Voya Investment Management, which is the asset management business of Voya Financial Inc (NYSE:VOYA).
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.
All the closed end funds seek to provide high income consistent with prudent total return.
All of the three closed end funds are managed by AllianceBernstein LP.
The above funds are all closed end funds managed by John Hancock Investments, which is a wealth management business of John Hancock Financial.
Calamos Investments released on Thursday the monthly distributions of its six closed end funds, Calamos Convertible Opportunities and Income Fund (Nasdaq:CHI) (inception 26 June 2002); Calamos Convertible and High Income Fund (Nasdaq:CHY) (inception 28 May 2003); Calamos Strategic Total Return Fund (Nasdaq:CSQ) (inception 26 March 2004); Calamos Global Total Return Fund (Nasdaq:CGO) (inception 27 October 2005); Calamos Global Dynamic Income Fund (Nasdaq:CHW) (inception 27 June 2007); and Calamos Dynamic Convertible and Income Fund (Nasdaq:CCD) (inception 27 March 2015).