closed-end fund

closed-end fund
An investment company that issues shares like any other corporation and usually does not redeem ( redemption) its shares. A publicly traded fund sold on stock exchanges or over-the-counter that may trade above or below its net asset value. Related: open-end fund. Bloomberg Financial Dictionary
————
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. London Stock Exchange Glossary

* * *

closed-end fund closed-end fund fund1

* * *

   A fund in which there is a fixed amount of authorized share capital, and new shares may not be created on demand. Known as Closed-ended Publicly Quoted Funds in the US and Investment Trusts in the UK.

* * *

closed-end fund UK US noun [C]
FINANCE an investment fund in which shares in the fund can be bought and sold, but no new shares are made available: »

The price of a share in a closed-end fund is determined partially by the value of the investments in the fund, and partially by the premium placed on it by the market.


Financial and business terms. 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Closed-end fund — A closed end fund (or closed ended fund) is a collective investment scheme with a limited number of shares. It is called a closed end fund (CEF) because new shares are rarely issued once the fund has launched, and because shares are not normally… …   Wikipedia

  • Closed-End Fund — 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, listed and traded like a stock on a stock exchange. Also known as a closed end… …   Investment dictionary

  • Closed-end fund — 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. Related: Open end… …   Financial and business terms

  • closed-end fund — noun a regulated investment company that issues a fixed number of shares which are listed on a stock market • Syn: ↑closed end investment company • Hypernyms: ↑investment company, ↑investment trust, ↑investment firm, ↑fund …   Useful english dictionary

  • closed-end fund — noun A collective investment scheme with a limited number of shares. Ant: open end fund …   Wiktionary

  • closed-end — ˈclosed end adjective [only before a noun] FINANCE a closed end fund or trust invests in a fixed number of shares, bonds etc: • a closed end mutual fund * * * closed end UK US adjective [before noun] ► FINANCE used to describe an investment fund… …   Financial and business terms

  • closed-end investment company — noun a regulated investment company that issues a fixed number of shares which are listed on a stock market • Syn: ↑closed end fund • Hypernyms: ↑investment company, ↑investment trust, ↑investment firm, ↑fund * * * an investment company that… …   Useful english dictionary

  • closed-end funds — Also known as closed ended funds. Investment funds which have a limited number of shares. When the company is established, the amount of capital to be invested is fixed. Units or shares in closed end funds may be resold to other investors but… …   Law dictionary

  • Open-end fund — An open end(ed) fund is a collective investment scheme which can issue and redeem shares at any time. An investor will generally purchase shares in the fund directly from the fund itself rather than from the existing shareholders. It contrasts… …   Wikipedia

  • open-end fund — Used in the context of general equities. mutual fund that continually creates new shares on demand. mutual fund shareholders buy the funds at net asset value and may redeem ( redemption) them at any time at the prevailing market prices.… …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”