Closed-end fund

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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 firm recently added Investor Relations to their list of services for closed-end mutual funds.
These investor relations services are intended to tie in with the Corporate Actions Reports and the Dissident Actions Reports produced by Warren Antler, head of The Altman Group's Closed-End Mutual Funds Division.
Investor Relations, Public Relations and Media Relations for closed-end mutual funds
THE RANKINGS SERVICE was developed by Lowell Sheppard Holdings, LLC, Needham Heights, MA, a third party, independent research firm specializing in providing individual manager-focused, innovative performance evaluation and monitoring products and services with respect to open- and closed-end mutual funds.

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