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What is closed-end fund?

A closed-end fund is an investment fund which is set up to be publicly traded in order to raise capital by being offered as an IPO or initial public offering. The closed-end fund is listed like a stock on the stock market. A closed-end fund has a designated or specific number of shares that it will sell unlike the open-end fund where there is an unlimited number.

Other Financial Terms and Vocabulary

Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.