|
|
Investing Glossary:
Investment trust
Copyright 2013,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
- I -
| Term: |
|
| Definition: |
| A Closed-end fund regulated by the Investment Company Act of 1940. These funds have a fixed number of Shares that are traded On the secondary markets, like corporate stock. The Market price may exceed the net Asset value per share, in which case shares are selling at a premium. When the Market price falls below the (NAV)/share, shares are selling at a discount. Many closed-end funds are of a specialized nature; the Portfolio represents a particular Industry or, country. These funds are usually listed on US and foreign exchanges.
|
|
|
|  |
|
FREE Trend Alerts
|
|
|
