- An investment company that sells 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. The New York Times Financial Glossary
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* * *A fund in which there is a fixed amount of authorized share capital, and new shares may not be created on demand. Known as Closed-ended Publicly Quoted Funds in the US and Investment Trusts in the UK.
* * *closed-end fund UK US noun [C]► FINANCE an investment fund in which shares in the fund can be bought and sold, but no new shares are made available: »
The price of a share in a closed-end fund is determined partially by the value of the investments in the fund, and partially by the premium placed on it by the market.
Financial and business terms. 2012.
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closed-end fund — An investment company that issues shares like any other corporation and usually does not redeem ( redemption) its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value.… … Financial and business terms
closed-end fund — noun a regulated investment company that issues a fixed number of shares which are listed on a stock market • Syn: ↑closed end investment company • Hypernyms: ↑investment company, ↑investment trust, ↑investment firm, ↑fund … Useful english dictionary
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