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Tip of the Day

Tip of the Day Consolidate Your Loans

Consolidate Your Loans - No matter how many loans you have, they are generally all sitting at different interest rates, so the trick to saving money is to shop around...

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Closed-End Fund

Definition: A closed-end fund is one that issues a fixed number of shares.  These shares are traded on stock exchanges in a similar fashion to stocks.

Advice: If you're planning on investing in closed-end funds, you should understand that--unlike open-end funds--their price is derived from supply and demand rather than the assets underlying the portfolio.  Because of this, the closed-end fund market is often seen as inefficient from a pricing standpoint.

 

Discuss It!

Jonny Boy said:

I have this Jodi - let me know if you like it: The closed-end funds are mutual funds that issue only a finite number of shares for public consumption. The mutual fund trading price is set as a closed-end fund often influenced by the supply and demand for the shares outstanding. This is in contrast to other mutual funds that tend to trade based on the net asset value of the underlying certificate. The conditions of the fund announced at the time of the initial public offering. If the stock certificates are selling at less than net asset value, the fund is trading as a discount. Amount is equal to market value.

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Daily Definition

Definition of the Day Margin Trading

Margin Trading - Margin Trading is a brokerage account that allows the investors to buy securities by borrowing a portion of the purchase price. The National Association of Securities Dealers (NADD), in the New York Stock Exchange (NYSE), and the lending brokerage firm, governs margin accounts. Stocks purchased in two...

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