Definitions for "Closed-End Fund"
Keywords:  redeem, nav, publicly, mutual, etf
An investment fund that does not stand ready to purchase its own shares from its owners. Its shares can trade on an exchange.
A mutual find in which the shares owned, representing an interest in the mutual funds portfolio, are fixed in number. New shares are not issued regularly and old shares cannot be redeemed. Instead, shares are traded on the open market and may differ from the underlying net asset value per share.
Mutual fund with a fixed number of shares that is traded in the secondary market. Supply and demand determine the market price of the shares as opposed to net asset value.
Keywords:  animal, different
a different animal