A fund with a fixed number of shares outstanding, and one which does not redeem shares the way a typical mutual fund does. Publicly-traded funds behave more like stock than open-end funds: closed-end funds issue a fixed number of shares to the public in an initial public offering, after which time shares in the fund are bought and sold on a stock exchange, and they are not obligated to issue new shares or redeem outstanding shares as open-end funds are. The price of a share in a publicly-traded fund is determined entirely by market demand, so shares can either trade below their net asset value ("at a discount") or above it ("at a premium"). also called closed-end investment company or closed-end fund.
Related information about publicly-traded fund:
- What is publicly-traded fund? definition and meaning
Definition of publicly-traded fund: A fund with a fixed number of shares outstanding, and one which does not redeem shares the way a typical mutual fund does.
- publicly traded fund - Invest Definition
publicly traded fund definition: See closed-end investment company....
- publicly traded fund - Financial Dictionary - The Free Dictionary
3 billion in credit assets under management as of June 30, 2009 through various private and publicly traded funds and separately managed accounts.
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