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CLOSED-END INVESTMENT COMPANY

Statistics Directorate    
Definition:
A closed-end investment company is a managed investment company with an unlimited life that does not stand ready to purchase its own shares from its owner and rarely issues new shares beyond its initial offering. (Source: Investments, W.F. Sharpe/G.J. Alexander).

Source Publication:
Institutional Investors Statistical Yearbook, 2000 edition, Annex III, Glossary.

Statistical Theme: Financial statistics

Created on Tuesday, September 25, 2001

Last updated on Thursday, December 06, 2001