Interval Fund

(redirected from Interval Funds)

Interval Fund

A mutual fund with shares that may be sold or redeemed on certain, stated dates. That is, an interval fund combines features of an open end mutual fund with a closed end mutual fund.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The return on investment of open-ended UIFs that attracted the largest amount of investors' funds during the year and invested in securities market instruments was 8.3% while that of interval funds was 4.4%.
In total, the NAV of open-ended UIFs increased in 2017 by 85.3 billion rubles while that of interval funds by 0.4 billion rubles.
CAIS and Bluerock Capital Markets have announced a partnership that broadens product selection to independent wealth advisors through the introduction of interval funds onto the CAIS platform, the company said.
Instead, interval funds offer to repurchase 5-25% of its shares at their net asset value at intervals -- it could be every three, six or 12 months.
Today, most schemes are open-ended, except a few debt funds such as FMPs, interval funds and capital protection-oriented funds.
Another change in the offing is that interval funds, which are FMPs with a premature exit option, will cease to offer the early redemption route from April 1, 2011.
But there is a wrinkle to interval funds, which both helps and hurts investors.
The firm also expects to roll out a series of interval funds later this year.
Read Interval Funds: Pros & Cons of an Alternative Investment You May Have Never Heard Of on ThinkAdvisor.
According to the firm, the platform will offer a range of screened investment opportunities including public and private real estate investments offered as mutual funds, interval funds, private fund vehicles, and other individual real estate investments.
The open market repurchases will supplement the ongoing semi-annual repurchase offers undertaken by the Funds pursuant to their "interval fund" structures.