Definition: Fund that is established to produce income.
Definition: [crh] A closed-end fund regulated by the Investment Company Act of 1940. These funds have a fixed number of Definition: F="/?rd=shares">shares that are traded on the secondary markets, like corporate stock. The market price may exceed the asset vaDefinition: lue per share, in which case shares are selling at a premium. When the market price falls below the (NAV)/share, shaDefinition: res are selling at a discount. Many closed-end funds are of a specialized nature; the portfolio repreDefinition: sents a particular industry or, country. These funds are usually listed on US and foreign exchanges.
<< Go back