Sentences with closed-end fund
- Mutual funds can be structured as a closed-end fund, in which a fixed number of nonredeemable shares are sold at an initial offering and then traded in the over-the-counter market like a common stock.The market price of a closed-end fund fluctuates in response to investor demand as well as changes in the values of its holdings or its net asset value.A closed-end fund is an investment with a limited number of shares that does not allow new investors.