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Tip of the Day Get The House Inspected by a Professional

Get The House Inspected by a Professional - So you have decided to purchase a home for the first time, or the fifth time, and you love the home you...

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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.

 

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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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Definition of the Day Capitalization Weighted Index

Capitalization Weighted Index - The capitalization weighted index is a stock index where each stock affects the stock market's index in proportion to its current market value. Examples of markets using the capitalization weighted index include the Nasdaq Composite Index, the S & P 500, the Wilshire 5000 Equity Index,...

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