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Tip of the Day Save Money on Tax Credits

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Closed-End Investment Company

Closed-end Investment Company - Closed-end investment companies are businesses devoted to the supervision of investments that involve a limited issue of shares for sale and distribution. The management investment company will deal in seasoned securities as well. Generally, the closed-end investment company does not convert any outstanding shares. The closed-end investment company will utilize a secondary substitute or an over the counter market. Investors conduct business with a closed-end investment company because it is possible to come across a great offer. The shares sold for a reduced price than the book value and the shareholder has reason to believe shares will hold their value.

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Definition of the Day Hang Seng Index

Hang Seng Index - Hang Seng Index is a market-weighted index of thirty-three stock certificates. This weighted index makes up approximately seventy percent of the stock market value. All the stock certificates traded are on the Stock Exchange of Hong Kong. Hang Seng Index Services ...

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