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 .
CLOSED-END FUND
Meaning of CLOSED-END FUND in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012