A fund with a fixed number of shares outstanding, and one which does not redeem shares the way a typical mutual fund does. Closed-end funds behave more like stock than open-end funds: closed-end funds issue a fixed number of shares to the public in an initial public offering, after which time shares in the fund are bought and sold on a stock exchange, and they are not obligated to issue new shares or redeem outstanding shares as open-end funds are. The price of a share in a closed-end fund is determined entirely by market demand, so shares can either trade below their net asset value ("at a discount") or above it ("at a premium"). also called closed-end investment company or publicly-traded fund.
Related information about closed-end fund:
- Closed-end fund - Wikipedia, the free encyclopedia
Closed-end funds (or closed-ended funds) are mutual funds with a fixed number of shares (or units). Unlike open-end funds, new shares/units are not created by ...
- Closed-End Fund Center
Database of all domestic closed-end funds including daily NAV and market prices. Includes education, research articles and news and information from leading ...
- Closed-End Fund Definition | Investopedia
A closed-end fund is a publicly traded investment company that raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured ...
- Closed-End Funds
May 7, 2007 ... A "closed-end fund," legally known as a "closed-end company," is one of three basic types of investment company. The two other basic types of ...
- How to Invest in a Closed-End Fund - Personal Finance - WSJ.com
A closed-end fund is a type of mutual fund. Here\'s what you need to know about investing in them.
- CEFConnect - Brought to you by Nuveen Closed-End Funds
Entry Points In the fourth quarter, choosing entry points may be more challenging for CEF investors, says senior CEF specialist Robert Ionescu of Legg Mason.
- Closed-End Fund Advisors (CEFA)
Closed-End Fund Advisors offers investment advisory services and publishes The Scott Letter On-Line newsletter, which offers a global view of the closed-end ...
- CEF - Closed End Funds | Morningstar
Morningstar's independent, trusted CEF – Closed End Mutual Funds lists, research, screeners, ratings, real-time quotes, news, tips, and charts.