Closed-end fund

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Related to Closed-End Mutual Fund: Closed-End Investment Companies

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 ?
Subsequent sections contain analyses of all exchange-traded funds and other closed-end mutual funds, with graphs and charts, in the areas of investment rating, major ratings factors, fund family and type, inception date, and ticker symbol; the top and bottom funds; the best and worst funds based on performance; and top rated funds by type.
REITs are similar to closed-end mutual funds except they invest in a portfolio of real estate properties instead of stocks or bonds.
c) Floating closed-end mutual funds with a view to providing a medium of pooled investment to small investors in the country;