Fund Structure & Regulation

Closed-Ended Fund

Definition

What is Closed-Ended Fund?

A fund with a relatively fixed number of units that investors usually trade with one another.

Example in practice

After launch, an investor buys units from another holder on an exchange instead of subscribing directly to the fund.

Keep learning

A regulated arrangement that pools investors' money for investment according to a common objective.

A fund that can create or cancel units as investors subscribe and redeem.

A public authority responsible for regulating a securities market.

The percentage of a portfolio invested across asset classes such as cash, bonds, shares, and property.

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