What does closed-end fund mean?
Definitions for closed-end fund
closed-end fund
This dictionary definitions page includes all the possible meanings, example usage and translations of the word closed-end fund.
Princeton's WordNet
closed-end fund, closed-end investment companynoun
a regulated investment company that issues a fixed number of shares which are listed on a stock market
Wiktionary
closed-end fundnoun
A collective investment scheme with a limited number of shares.
Wikipedia
Closed-end fund
A closed-end fund (CEF) is a fund that raises capital by issuing a fixed number of shares which are not redeemable, and then invest that capital in financial assets such as stocks and bonds. Unlike open-end funds, new shares in a closed-end fund are not created by managers to meet demand from investors. Instead, the shares can be purchased and sold only in the market, which is the original design of the mutual fund, which predates open-end mutual funds but offers the same actively-managed pooled investments. In the United States, closed-end funds sold publicly must be registered under both the Securities Act of 1933 and the Investment Company Act of 1940.Closed-end funds are usually listed on a recognized stock exchange and can be bought and sold on that exchange. The price per share is determined by the market and is usually different from the underlying value or net asset value (NAV) per share of the investments held by the fund. The price is said to be at a discount or premium to the NAV when it is below or above the NAV, respectively. A premium might be caused by the market's confidence in the investment managers' ability or the underlying securities to produce above-market returns. A discount might reflect the charges to be deducted from the fund in future by the managers, uncertainty from high amounts of leverage, concerns related to liquidity or lack of investor confidence in the underlying securities. In the United States, closed-end funds are referred to under the law as closed-end companies and form one of three SEC-recognized types of investment companies along with mutual funds and unit investment trusts.
ChatGPT
closed-end fund
A closed-end fund is a type of investment fund and exchange-traded product that pools money from various investors to collectively invest in a diversified portfolio of securities. It operates under a fixed structure, raising a predetermined amount of capital through an initial public offering (IPO). After the IPO, shares of the closed-end fund are typically bought and sold on a market exchange and not directly transacted with the fund. Unlike open-end funds, closed-end funds do not issue and redeem shares on a daily basis. Their share prices are determined by the market and can therefore trade at a premium or a discount to their net asset value.
Wikidata
Closed-end fund
A closed-end fund is a collective investment scheme that has a fixed number of shares. Unlike open-end funds, new shares/units in a closed-end fund are not created by managers to meet demand from investors. Instead, the shares can only be purchased in the market. This is the original design of mutual fund which predates open-end mutual funds but offers the same actively managed pooled investments. Closed-end funds are usually listed on a recognized stock exchange and can be bought and sold on that exchange. The price per share is determined by the market and is usually different from the underlying value or net asset value per share of the investments held by the fund. The price is said to be at a discount or premium to the NAV when it is below or above the NAV, respectively. A premium might be due to the market's confidence in the investment managers' ability or the underlying securities to produce above-market returns. A discount might reflect the charges to be deducted from the fund in future by the managers, uncertainty due to high amounts of leverage, concerns related to liquidity or lack of investor confidence in the underlying securities.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of closed-end fund in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of closed-end fund in Pythagorean Numerology is: 9
Translations for closed-end fund
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"closed-end fund." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/closed-end+fund>.
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