A fund with a fixed number of shares outstanding, and one which does not redeem shares the way a typical mutual fund does. Such funds are often listed on a major stock exchange and trade like other securities. Unlike a typical mutual fund, a closed-end fund's share price can trade above or below its net asset value. also called closed-end investment company or publicly-traded fund. see also closed fund, investment trust, open-end fund, discount, premium.
A mutual fund which raises capital through the sale of a fixed number of shares with investors trading the shares in the open market, usually at a discount to its NAV to account for tax liabilities or liquidity concerns.
A type of investment company whose securities are traded on the open market rather than being redeemed by the issuing company.
These funds have a fixed number of shares, which are listed on the stock exchange. The market price of the shares is determined by demand and supply factors. Investment trusts are closed-end funds.
This is established by selling a fixed number of shares to investors. These funds are then traded on the stock exchanges. The money is invested and managed by a professional portfolio manager. The net asset value reflects the value of the securities it holds. The fundâ€(tm)s share price can deviate from the net asset value depending upon investor demand for the fund itself. These funds seldom take in new money but at times may elect to have another offering of shares to increase the fundâ€(tm)s size.
an actively managed fund of securities, such as stocks or bonds, with a fixed number of shares available for trading in secondary markets; management company does not stand ready to issue and redeem shares on an ongoing basis; the value of shares can trade at a premium or discount to the net asset value of the portfolio's securities. Compare open-end fund.
A regulated investment company that offers a fixed number of shares, which are traded on a stock exchange just like stocks.
A mutual fund whose offering of shares is closed. This means once the initial offering is made, the fund no longer buys or sells its shares. The value of the fund is then determined by supply and demand. No NAV is calculated.
A mutual fund with a limited number of shares, which are traded on a stock exchange. Closed-end funds are listed on the New York, American or Nasdaq exchanges.
The investment in real estate equities or mortgages on a one-time-only basis. At the "end" of the investment cycle the asset is sold and the proceeds distributed on the basis of the original investment.
a regulated investment company that issues a fixed number of shares which are listed on a stock market
a listed company which invests in shares of other companies
a mutual Fund one with a constant number of shares
a mutual fund that issues a fixed number of shares which are then traded (bought and sold) on a stock exchange or over the counter
a mutual fund that trades like a stock
a mutual fund whose shares trade on the stock exchanges, just as a stock does
an investment company that issues a fixed number of shares that trade on a stock exchange or in the over-the-counter market
an investment company whose shares are publicly traded like stocks
an investment company with a fixed number of shares
an investment fund with a limited number of shares outstanding
a publicly traded fund sold on stock exchanges or over the counter that sells shares like any other corporation and usually does not redeem its shares, which may trade above or below its net asset value
a publicly traded investment company
a regular mutual fund with shares that trade on an exchange, typically the AMEX
a type of investment company whose shares are listed on a stock exchange or are traded in the over-the-counter market
a unique type of mutual fund that usually offers its shares to the public only once
A pooled investment fund that has a fixed capitalization after the initial issue. Fund shares are bought from or sold to other investors in the over-the-counter market or traded on an exchange (see open-end fund).
A fund that issues shares in a fashion similar to other corporations. The numbers of shares outstanding is relatively fixed unlike open-end funds which tend to have variable shares outstanding.
A collective investment scheme that has a fixed number of shares.
An investment company that sells shares to investors and which is typically listed on an exchange. In the UK, these are referred to as investment trusts. Closed-end funds invest their capital in other securities, but their own share price reflects the demand for shares of the fund rather than the underlying investments (c.f. open-end funds) and may fluctuate above or below net asset value. Closed-end funds may issue debt and thus benefit from gearing.
A mutual fund with a fixed number of shares outstanding that are publicly traded at a premium or discount to the fund's net asset value.
A fund with a fixed number of shares issued, and all trading is done between investors in the open market. The share prices are determined by market prices instead of their net asset value.
A type of investment company with a fixed number of shares that are publicly traded. The price of a closed-end fund share fluctuates based on investor supply and demand. Closed-end funds are professionally managed, but are not required to redeem shares.
Investment fund with fixed capital, which only issues a limited number of units and is under no obligation to redeem the units it has issued. Such funds are not authorised for public sale under Swiss law. Opposite: open-end fund
A fund with a fixed number of fund shares outstanding that trade like stocks on a stock exchange.
A specific type of Exchange Traded Fund (ETF) which has a fixed number of shares that can cause their price to be influenced by the demand for the fund itself, and can therefore deviate substantially from the price of the underlying securities.
Type of fund that has a fixed number of shares usually listed on a major stock exchange.
A fund which sells just as though it was a stock. The closed-end fund holds...
An investment company in which a money manager sells a fixed number of shares to the public at a set price. Once all of the shares have been offered, the money manager invests the proceeds in accordance with the fund's investment strategy. After the initial offering, shares in the fund are bought and sold on an exchange similar to stocks. The market price of the fund's shares will fluctuate based on supply and demand and is not directly tied to the value of the securities in its portfolio.
Investment companies that issue a fixed number of shares, which trade on a stock exchange.
a mutual fund that has a fixed number of shares and is typically listed on a major stock exchange. These funds often trade perpetually at a discount to their net asset value (NAV).
A closed-end fund sells a fixed number of shares to investors. Those shares sell on an exchange and vary in price, depending on demand for the fund. A fund's shares, for example, can trade below their net asset value or above their net asset value - depending on investors' demand for the shares. Country funds that represent shares in a specific country or region, such as Italy or France, are often closed-end funds.
Investment company products that issue a fixed number of shares through an initial public offering. Closed-end funds trade like stocks on an exchange and their net asset value can be higher or lower than the traded share price of the fund.
A fund that offers a limited number of shares. The shares of closed-end funds, which are typically listed on one of the major stock exchanges, are bought and sold through brokers. The price of the shares is determined by the pressures of supply and demand rather than by the value of underlying assets.
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.
A type of mutual fund that offers only a fixed amount of shares (units). Most mutual funds are not closed-end funds, they offer unlimited shares which may be purchased and redeemed directly by the individual.
a type of investment company that does not continuously offer its shares for sale but instead sells a fixed number of shares at one time (in the initial public offering) which then typically trade on a secondary market, such as the New York Stock Exchange or the Nasdaq Stock Market. Legally known as a "closed-end company."
A type of mutual fund with a fixed number of shares that trades on an exchange or over the counter. (Most mutual funds have an unlimited number of shares and are bought and sold directly through a financial consultant or mutual fund company.)
An investment company with a limited number of shares outstanding whose price trades like an individual security. Unlike open-end mutual funds, closed-end funds do not stand ready to issue and redeem shares on a continuous basis.
A closed-end fund is a fund with a fixed number of units outstanding. After an initial public offering of units is completed, a new investor buys shares from another shareholder rather than from the fund. In contrast to shares in an open-end managed fund, which can usually be redeemed at net asset value, a closed-end fund's shares can trade in the market at a premium or discount to their net asset value.
A type of mutual fund. Like ETFs, closed-end funds differ from open-end mutual funds in that they trade throughout the day over an exchange. Unlike ETFs, however, they have no mechanism to prevent them from trading at substantial premiums or discounts to their net asset values.
Investment company that sells shares but not redeems them.
This is a mutual fund that has a fixed number of shares and trades on the open market.
A name for a fund - usually an investment trust - that issues a fixed number of shares when it launches. The share price of a closed-end fund rises and falls according to the demand for those shares in the market.
A type of fund that has a fixed number of shares outstanding, which are offered during an initial subscription period, similar to an initial public offering. After the subscription period is closed, the shares are traded on an exchange between investors, like a regular stock. The market price of a closed-end fund fluctuates in response to investor demand as well as changes in the values of its holdings or its Net Asset Value. Unlike open-end mutual funds, closed-end funds do not stand ready to issue and redeem shares on a continuous basis.
A fund with a fixed number of shares in issue that are publicly traded. The trading price of a closed-end fund share does not relate to its current underlying net asset value but to the supply and demand for fund shares.
A type of investment company that has a fixed number of shares, which are publicly traded. The price of a closed-end fund's shares fluctuates based on investor supply and demand. Closed-end funds are not required to redeem shares and have managed portfolios.
A type of mutual fund that issues a set number of shares and typically trades on a stock exchange. Unlike more traditional open-end funds, transactions in shares of closed-end funds are based on their market price as determined by the forces of supply and demand in the marketplace. Interestingly, the market price of a closed-end may be above (at a premium) or below (at a discount) the value of its underlying portfolio (or NAV). Investors in closed-ends will often try to capitalize on large discounts, hoping that eventually they will narrow.
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.
A commingled fund that has a targeted range of investor capital and a finite life
is a mutual fund that has a fixed number of shared, usually listed on a major stock exchange.
A type of fund that issues a set number of shares and typically trades on a stock exchange with daily liquidity at market price. Unlike more traditional open-end funds, transactions in shares of closed-end funds are based on their market price as determined by the forces of supply and demand in the marketplace. The market price of a closed-end fund may be above (premium) or below (discount) the value of its underlying portfolio (or net asset value).
An investment company whose securities are traded on the open market at a price determined by investor supply and demand, rather than being reclaimed by the issuing company.
A mutual fund that issues a fixed number of units. These units are usually bought and sold on stock exchanges and market supply and demand forces determining their value. Franklin Templeton Investments has one closed-end fund, Templeton Emerging Markets Appreciation Fund.
A closed-end fund is a mutual fund that has a fixed number of shares, which often are listed and trade on NASDAQ or on an exchange. Unlike open-end mutual funds, closed-end funds do not issue and redeem shares on a continuous basis. A closed-end fund's shares may sell at either a premium or a discount depending on whether the market price of the shares exceed or fall below the fund's net asset value per share.
A closed-end fund is a collective investment scheme with a limited number of shares.