Closed-End Funds (US): Basics

Closed-End Funds (US): Basics

Intuition Publishing Pty Ltd
Updated Sep 25, 2020

A closed-end funds (CEF), a is an investment company that issues a fixed number of shares through a once-off public offering (IPO), and only sometimes changes its capital base thereafter. Here we look at the key features and types of CEF, the rare circumstances in which a fund may increase or reduce its capital, and examine the size of the market for closed-end funds.