Generally, current shareholders in a closed mutual fund are permitted to continue investing in the fund, but sometimes they are also be precluded from making additional investments.
A closed mutual fund should not be confused with a closed-end fund. This type of fund has a fixed number of shares, generally invests in specialized sectors, and is structured and listed as a stock on a stock exchange.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
closed fund — A mutual fund that is no longer issuing ( issue) shares, mainly because it has grown too large. Bloomberg Financial Dictionary … Financial and business terms
closed fund — /kləυzd fʌnd/ noun a fund, such as an investment trust, where the investor buys shares in the trust and receives dividends (as opposed to an open ended trust, such as a unit trust, where the investor buys units, and his investment is used to… … Dictionary of banking and finance
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-ended — may refer to: Closed end fund Closed ended question This disambiguation page lists articles associated with the same title. If an internal link led you here, you may wish to change the link to point direc … Wikipedia
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… … 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
fund — A fiscal and accounting entity with a self balancing set of accounts in which cash and other financial resources, all related liabilities and residual equities, or balances, and charges therein, are recorded and segregated to carry on specific… … Financial and business terms
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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 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