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| Definition: |
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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).
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| Source
Publication: |
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Institutional Investors Statistical Yearbook, 2000 edition, Annex III, Glossary.
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| Statistical
Theme: Financial statistics |
| Created
on Tuesday, September 25, 2001 |
| Last
updated on Thursday, December 6, 2001 |
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