closed-end funds
Also known as closed-ended funds. Investment funds which have a limited number of shares. When the company is established, the amount of capital to be invested is fixed. Units or shares in closed-end funds may be resold to other investors but generally cannot be redeemed by the fund until dissolution.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • closed-end funds — Funds in which the capital is fixed, such as those held by investment companies, rather than open ended, such as unit trusts …   Accounting dictionary

  • CLOSED-END FUNDS - закрытые фонды — фонды, бумаги которых торгуются на бирже как обычные акции; Цена акции фонда обычно не равна чистой стоимости активов на акцию; …   Глоссарий финансовых и биржевых терминов

  • closed-ended funds — See closed end funds. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • Closed-end fund — A closed end fund (or closed ended fund) is a collective investment scheme with a limited number of shares. It is called a closed end fund (CEF) because new shares are rarely issued once the fund has launched, and because shares are not normally… …   Wikipedia

  • closed-end fund — An investment company that issues shares like any other corporation and usually does not redeem ( redemption) its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value.… …   Financial and business terms

  • Closed-End Management Company — An investment management company that sells a limited number of shares to investors on an exchange by way of an initial public offering. For investors to sell the shares they purchased from the closed end management company, there must be buyers… …   Investment dictionary

  • closed-end — ˈclosed end adjective [only before a noun] FINANCE a closed end fund or trust invests in a fixed number of shares, bonds etc: • a closed end mutual fund * * * closed end UK US adjective [before noun] ► FINANCE used to describe an investment fund… …   Financial and business terms

  • Closed-end fund — 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… …   Financial and business terms

  • Closed end investment trust —   These are funds which allow only the originally issued shares to be distributed. See also Tanigata töshi shintaku …   International financial encyclopaedia

  • closed-end mutual funds — A mutual fund that issues a set number of shares, which then are only re sold on the secondary market exchanges like regular stock shares. Exchange Handbook Glossary A mutual fund that issues a set number of shares, which then are only re sold on …   Financial and business terms

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