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Closed end investment company

• An investment company that issues a fixed number of shares in an actively managed portfolio of securities. The shares may be of several classes; they are traded in the secondary marketplace, either on an exchange or over the counter. The market price of the shares is determined by supply and demand, and not by net asset value. See also: Mutual Fund.

 
 

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 Embedded terms in definition
 Asset
Demand
Exchange
Investment company
Market
Mutual fund
Net asset value
Net
Portfolio
Secondary market
Securities
Shares
 
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<< Closed end fund Closed end investment company or fund >>

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