Closed-End Fund

A closed-end fund is a type of investment fund which is registered as a company with a fixed amount of capital.

Unlike open-ended funds which are obligated to buy shares back from shareholders, closed-end funds are under no obligation to buy back their shares from shareholders.

In Switzerland, shares in closed-end funds may not be sold to the general public. Swiss closed-end funds typically fall under the SICAF company designation.

See also: Open-end fund

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