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Closed end fund |
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Closed end fundAn 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 fund.Closed end fundA collective fund which has a fixed number of issued shares traded on a stock exchange. Because the supply of shares is limited, they will rise and fall in value according to supply and demand just like ordinary company shares. In the UK, this is equivalent to an investment trust.In contrast, open end funds are allowed to accommodate demand by issuing new shares, so the value of their units does not rise and fall in response to demand, but is more or less equal to the value of the fund's underlying assets. In the UK, this is equivalent to a unit trust.Similar MatchesClosed fundClosed fundA mutual fund that is no longer issuing shares, mainly because it has grown too large. Closed outClosed outPosition that is liquidated when the client does not meet a margin call or cover a short sale. Closed corporationClosed corporationA corporation whose shares are owned by just a few people, having no public market. Undisclosed PrincipalUndisclosed PrincipalA principal whose identity is not revealed by an agent. Closed periodClosed periodThe two months before a company announces its results in which directors are prohibited from dealing in its shares. Further SuggestionsClosed end mortgageClosed end management company Closed end management company Closed economy |
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