closed-end

American  

[klohzd-end] / ˈkloʊzdˈɛnd /

adjective

1. of, relating to, or like a closed-end investment company.

---

Etymology

Origin of closed-end

1935–40;

Example Sentences

Sprott Physical Gold and Silver Trust CEF 8.21%increase; green up pointing triangle , a $10 billion closed-end bullion fund, traded at the end of last week for a 9.5% discount to its net asset value.

From The Wall Street Journal

But for bargain hunters seeking out deals amid the volatility, who are inclined already to invest in precious metals, closed-end bullion funds such as this could be a buying opportunity, at least while the large discounts remain.

From The Wall Street Journal

While it is normal for closed-end funds, including this one, to trade at a discount to NAV, the sheer size of the Sprott fund’s recent discount is unusual.

From The Wall Street Journal

Other Sprott closed-end bullion funds have seen widening discounts to net asset value.

From The Wall Street Journal

“The $7 billion loss for BitMine is really incredible when the company is more like a closed-end fund,” said Markus Thielen, chief executive of crypto research firm 10x Research.

From The Wall Street Journal