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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 end management companyClosed end management companyAn investment company that has only a set number of shares of the mutual fund that it manages, and does not create new shares if demand increases. Antithesis of an open-end management company. Closed economyClosed economyAn economy that does not permit economic transactions with the outside world; a country in autarky. Closed fundClosed fundA mutual fund that is no longer issuing shares, mainly because it has grown too large. Closed end mortgageClosed end mortgageMortgage against which no additional debt may be issued. Closed end management companyClosed end management companyAn investment company that has only a set number of shares of the mutual fund that it manages, and does not create new shares if demand increases. Antithesis of an open-end management company. Further Suggestionsclosed periodUndisclosed Principal Closed out Closed corporation |
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