Betekenis van:
closed-end fund

closed-end fund
Zelfstandig naamwoord
    • a regulated investment company that issues a fixed number of shares which are listed on a stock market

    Synoniemen

    Hyperoniemen


    Voorbeeldzinnen

    1. The difference between open-ended and closed-end funds is that, for the latter, the number of shares issued by the fund is fixed at the outset for a certain number of years, the participants do not have the right to request redemption of their shares at any time, and new issues of shares are also restricted.
    2. Only banks, insurance companies, securities investment companies having their legal head office in the European Community may carry out activity of pension fund resources management. Management companies (closed-end funds and real estate funds) are also required to be incorporated in Italy.