CLOSED-END FUND


Meaning of CLOSED-END FUND in English

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 fund .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.