publicly-traded fund


A fund with a fixed number of shares outstanding, and one which does not redeem shares the way a typical mutual fund does. Publicly-traded funds behave more like stock than open-end funds: closed-end funds issue a fixed number of shares to the public in an initial public offering, after which time shares in the fund are bought and sold on a stock exchange, and they are not obligated to issue new shares or redeem outstanding shares as open-end funds are. The price of a share in a publicly-traded fund is determined entirely by market demand, so shares can either trade below their net asset value ("at a discount") or above it ("at a premium").
also called closed-end investment company or closed-end fund.

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It was a publicly-traded fund and that meant that it had a fixed number of shares and we were all happy with that.

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You should always do your research and make sure that you are fully prepared before you invest in a publicly-traded fund.

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The publicly-traded fund was available for investment by the mutual fund trader who recommended the fund to his new client.

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publicly traded Public-Private Investment Program (PPIP)