Word forms: (regular plural) closed-end funds
( Finance : Investment )
Mutual funds can be structured as a closed-end fund, in which a fixed number of nonredeemable shares are sold at an initial offering
and then traded in the over-the-counter market like a common stock.
The market price of a closed-end fund fluctuates in response to investor demand as well as changes in the values of its
holdings or its net asset value.
A closed-end fund is an investment with a limited number of shares that does not allow new investors.
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