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Closed-end management company

Definition: [crh] An investment company that issues a fixed number of shares of the mutual fund that it manages, andDefinition: does not create new shares if demand increases. Antithesis of an open-end management company. Definition: [crh] An investment company that has only a set number of shares of the mutual fund that it manages, andDefinition: does not create new shares if demand increases. Antithesis of an open-end management company.

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