0 used to describe an investment fund in which shares in the fund can be bought and sold, but no new shares are made available:
A company is essentially a closed-end operation.
His current duties include managing over 50 closed-end and open-end mutual funds worldwide including 17 offices overseas.
The company manages non-state pension funds, closed-end real estate mutual funds, and various insurance products, including mandatory medical insurance.
This article discussed the puzzle of why closed-end fund companies typically trade at market valuations lower than the net value of their assets.
Successful management of a closed-end credit is a very demonstrative indicator for future lenders.
All are closed-end, meaning the number of investors and amount of investment dollars are capped.
So if a stock drops irrationally, the closed-end fund may snap up a bargain, while open-ended funds might sell too early.
In normal circumstances, closed-end funds do not redeem their own shares.
