What is "a closed-end management investment company"?

Question

What is "a closed-end management investment company"?

Answer 1

B.Hichs' information is correct, but just bear in mind that his source is an ETF information site.  ETFs and Close-Ended Funds are actually two different beasts....very very similar but still different.  If you are looking at investing in either of them over the traditional open-Ended funds, than I would love to just pat you on the back!  I hate mutual funds!  The alternative investments out there definitely are the new way for investors.  In '96 I saw a Brazilian ETF that no one talked about.  10 years later it had grown over 600% in it's value. A performance never shared by a Mutual Fund.  The only people left who like Mutual Funds are Financial Advisors (use to be one...) and that is only because they get a cut of the sales charges.

Answer 2

View It Now    FinanceExtends (dot) com

Answer 3

These are essentially a mutual fund that has set number of shares that trade on the open market (they can have a premium or a discount from their real value).  These funds have an objective as to their holdings and can have a wide range of goals appropriate for all risk horizons. Beware of their management fees remember you may incur brokerage trading costs. Good luck

Answer 4

I believe that term "closed-end"  tells you they have a set number of investments (or contracts) and a set number of shares that basically don't change.

They may replace ones that end with new ones. But that is very different from a stock mutual fund where 50% or more of the companies they hold may be different from one year to the next.