Closed-end fund

Financial News Glossary: Closed-end fund

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Closed-end fund

Closed-end mutual funds are actively managed funds that raise capital only once, by issuing a fixed number of shares. Like other mutual funds, however, fund managers buy and sell individual investments in keeping with their investment objectives.

The shares are traded on an exchange and their prices fluctuate throughout the trading day, based on supply, demand, and the changing values of their underlying holdings. Most single country funds are closed-end funds.

Financial News: closed-end-fund

Article
Ariz. Senate OKs cuts, raids to reduce budget gap; House Dems prevent one-day special session
12/18/09 10:39AM
Article
Quarterly Proceeds Reach Nearly $17 Billion; Highest Since First Quarter of 2008
12/17/09 5:42PM
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