Closed-end fund

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Related to Closed-end funds: Closed End Investment Company

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 ?
Kritzmire herself invests in closed-end funds, although not exclusively.
According to Aberdeen, nearly seven in ten (69%) of financial advisors surveyed reported using closed-end funds when building client portfolios.
The municipal managed account, called First Trust Municipal Closed-End Fund Portfolio, begins with a universe of approximately 110 national municipal closed-end funds.
The court believed a correct analysis would be to take the arithmetic mean of all of the closed-end funds, as shareholders in all closed-end funds lack control.
Closed-end funds are priced at a discount to their NAV because managers of such portfolios are perceived as less responsive to profit opportunities.
According to Fitch's proprietary closed-end fund leverage database, the use of ARPS by tax-exempt closed-end funds has declined to 62% of total leverage utilized by such funds, down from 85% during the first half of 2007.
New Indexes Are The First To Provide Benchmarks For The Entire Closed-End Fund Universe
Investors may learn more about closed-end funds at http://www.
It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value.
Of these, 71% are invested in closed-end funds solely to receive income, as opposed to capital appreciation.
George has been in the investment management business since 1969 and has specialized in using closed-end funds for clients since the mid-1980's.