A fund which, after the Initial Public Offering has taken place, does not typically issue new shares nor redeem old shares. It is therefore closed and thereafter the fund's shares are bought and sold like stock on the stock exchange and over the counter. Also known as a publicly traded fund.
A fund which has a fixed number of shares, usually listed on a major stock exchange. Changes in demand are reflected in changes in the share price. An investment trust is a closed end fund.
a mutual fund with a constant number of shares
A fund with a fixed number of shares in issue that are publicly traded. The trading price of a closed-end fund share relates to the supply and demand for fund shares. I has little to do with its current underlying net asset value.
An investment company that offers a fixed number of shares. The securities are traded on an exchange just like stocks.
A type of fund that offers only a fixed amount of shares, usually sold through a brokerage firm by a broker. Most funds are not closed - end funds; they offer unlimited shares and may be purchased and redeemed directly by the individual through the mail by check.
Fund which does not issue new units once the subscription period has closed or does not issue more than the number of units stipulated when it is launched.
A pooled fund that has a fixed number of shares usually listed on a major stock exchange. Unlike open-end mutual funds, closed end funds do not stand ready to issue or redeem shares on a continuous basis.
A fund company that issues a fixed number of shares. Its shares are not redeemable but are bought and sold on stock exchanges or the over-the-counter market in the same manner as other exchange traded equities.
An investment plan where the number of shares or units is fixed, e.g. an Investment Trust. New investors must buy shares or units from existing holders. The price of shares or units may be higher or lower than the underlying asset value.
This is an investment company that issues a fixed number of shares in an actively managed portfolio of securities. The shareprice is determined by supply and demand. This fund will fluctuate based on supply and demand. An Open Ended Fund will have the Net Asset Value of their shares fluctuate as a result of how the stocks in the fund did on a particular trading day.
A fund whose offering of shares is closed. That is, once the initial offering is completed, the fund stops offering its shares. The value of the shares is then determined by supply and demand, rather than by calculation of net asset value.
A regulated investment company which issues a fixed amount of shares and are traded on a stock exchange.
A mutual fund of a fixed-dollar amount of issues traded on one of the exchanges not at its NAV, but priced based on perception and supply and demand. These funds can sell at a substantial discount or premium to their net asset value.
An investment company that issues a fixed number of shares and is usually listed on a stock exchange. An investor who wishes to buy shares must purchase them from investors who wishes to sell their shares. They do not deal with the investment company directly. See: Closed End Management Company; Dual Purpose Investment Company; Investment Company; Open End Management Company