Encyclopedia > Closed-End Fund

Article Content

Closed-End Fund

Close-End funds have a limited number of shares. No new shares are issued after the fund is launched. An investor can purchase shares in a close-end fund from a broker. The price of a closed-end fund is determined by the premium (or discount) placed on it by the market.

All Wikipedia text is available under the terms of the GNU Free Documentation License

Search Encyclopedia

Search over one million articles, find something about almost anything!

Featured Article

Father Damien

... to the sufferers of Hansen's disease (leprosy) who lived on the island of Molokai, Hawaii. He was born in Tremeloo, Belgium, the son of a farmer. He entered the ...