closed-end fund

(redirected from Closed end funds)
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Related to Closed end funds: Open End Funds
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.closed-end fund - a regulated investment company that issues a fixed number of shares which are listed on a stock market
investment company, investment firm, investment trust, fund - a financial institution that sells shares to individuals and invests in securities issued by other companies
References in periodicals archive ?
On recent trends for leverage of taxable closed-end funds, Fitch has observed a relative decline in the use of auction rate preferred stock (ARPS) as a form of leverage, with the decline appearing more pronounced in taxable closed-end funds than tax-exempt closed end funds.
Investors who wish to buy or sell fund shares of a CEF need to place orders through an intermediary, or broker, who will buy or sell fund shares on the stock exchange in a process identical to the purchase or sale of any other listed stock, and closed end funds may trade below their initial cost.