An investment company that has only a set number of shares of the mutual fund which it manages, and does not create new shares if demand increases. Antithesis of an open-end management company.
CLOSED-END MANAGEMENT COMPANY
Meaning of CLOSED-END MANAGEMENT COMPANY in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012