FT MarketWatch

Closed fund

An open-end mutual Fund that has temporarily or permanently suspended sale of shares to new Customer, usually due to rapid Asset growth. Outstanding shares are still accepted for redemption by the fund, and existing shareholders may also Buy shares in some cases. The primary reason for Closing a Fund to new investors is that Fund managers are concerned that if they increase the Asset base of the Fund any further, their current investment strategy will become too difficult to achieve.

Related Terms: 21 Asset, ACH, Accept, Buy, Base, CLO, Customer, Closing, Fund, Fund manager, Growth, Heir, Inc., Manager, Mutual fund, Outstanding, Open, Rent, Shareholder, Share, Y shares
Other Related Pages: Category: Mutual_Funds Starting With: C
Additional Related Terms: Active asset, Allowance for depreciation, Asset, Asset/equity ratio, ACH, Adjustable rate, Asset management account, Accrual of discount, Amortization of premium, Asset-backed security