mutual fund with a set number of shares available to investors. You buy and sell closed-end mutual funds on the open market, unlike open-end mutual funds, which you buy and sell through the mutual fund company or a broker. The supply and demand for a closed-end mutual fund determines its price, not its net asset value.
A Mutual Fund whose portfolios are still owned by earlier investors and that are still actively managed but do not sell shares at NAV rates to new investors. The shares are, however, actively traded on the open market.
A mutual fund with a fixed number of shares that may be bought and sold like a stock.
A mutual fund that has shares which are readily transferable in the open market and are bought and sold like shares of stock. The number of fund shares remains finite, as opposed to an open-end mutual fund.
A type of fund that has a fixed number of shares. These funds to not readily issue and redeem shares on a regular bases, unlike open-ended funds.
Issues a limited number of shares and does not redeem those that are outstanding. Trades at a premium or discount to NAV as share prices determined by pressures of supply and demand.
A fund in which the total number of shares is fixed. After the initial offer, the shares can be acquired only from another owner. Share prices are set by supply and demand, not net asset value, and are traded on a stock exchange.
A mutual fund that has a set number of shares available to investors. Closed-end mutual funds are bought and sold on the open market, unlike open-end mutual funds, which are bought and sold through the mutual fund company (or a broker). The supply and demand for a closed-end mutual fund determines its price, not its net asset value.
an investment company with a “closed” or fixed number of shares, as opposed to an open-end fund that has an unlimited number of shares; shares of closed-end funds are usually traded on a stock exchange
MUTUAL FUND with a fixed number of shares outstanding that may be bought or sold. CMO - See COLLATERALIZED MORTGAGE OBLIGATION.
