A professionally managed company investing in securities which makes available a fixed number of shares to sell to the general public and then closes the fund. Shares are initially sold at market rates with subsequent share values are subject to stock market fluctuation.
a regulated investment company that issues a fixed number of shares which are listed on a stock market
Closed-end mutual fund companies issue only a limited number of shares and do not buy them back (redeem). Instead, closed-end shares are traded in the securities market, with supply and demand determining price.
An investment company that offers a limited number of shares. They are traded in the securities markets, usually through brokers. Price is determined by supply and demand. Unlike open-end investment companies (mutual funds), closed-end funds do not redeem their shares.
An investment company with a stipulated number of shares outstanding, usually organized as a Unit Investment Trust. Shares are traded over-the-counter and on securities exchanges in the same manner as stock. Unlike an open-end fund, shares will not be redeemed by the organizer, so liquidity depends on whether a secondary market has been established.
Management investment company that will issue a fixed number of shares for sale and can issue senior securities too. The shares may be of several classes. Shares are bought and sold in the secondary marketplace; the fund does not offer to redeem shares. The market price of the shares is determined by supply and demand and not by their net asset value. The shares may be traded on an exchange or over-the-counter market.
Unlike an open-ended investment company, which creates new shares to meet investor demand, a closed-end company has a fixed number of shares, which are often listed on an exchange.
This is a company which uses its capital to invest in other companies. Shares in a closed-end investment company are bought and sold on the stock market and the company's capital remains relatively unchanged.