Definitions for "Closed End Fund"
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