Shares of CEFs are traded on the open market. An investment fund may be held by the public, such as a mutual fund, exchange-traded fund, special-purpose acquisition company or closed-end fund, or it may be sold only in a private placement, such as a hedge fund or private equity fund. A closed-end fund, whose shares generally are not "redeemable"—that is, not required to be repurchased by the fund—is not subject to this requirement. Shares of closed-end funds often trade at a discount from their net asset value. Closed-end fund data and statistics. Every weekend you get … Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. Generally, closed-end funds are classified as either equity or debt funds. Closed-end funds have a fixed number of shares outstanding and in that respect are very different from open-end funds (rated here) and exchange-traded funds (rated here). Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the distributions on the common shares of six of its closed-end funds (each a "Fund" and collectively, the "Funds"). Closed-End Funds. Closed-ended traded investment are an asset or a group of investment assets in one fund, and they differ from Real Estate Investment Traded Funds (REITs) in the way of dividend distribution and ownership of assets and investments, as closed-ended traded funds are not allowed to invest in real estate investments. Over the quarter, discounts widened 70 basis points, on average, Closed-end funds, or CEFs for short, are technically a type of mutual fund, but they combine elements of regular open-end mutual funds and ETFs. In general, closed-end funds seem most appropriate for relatively sophisticated investors that have well-diversified income portfolios (i.e. Equity and credit CEFs continued their strong run and were the best-performing categories in the CEF market. However, unique closed- end funds exist such as options arbitrage funds, floating rate funds, and hybrid funds. Mutual funds and Unit Investment Trusts (UITs) generally must calculate their NAV at least once every business day, typically after the major U.S. exchanges close. General . Equity Access Through Closed-End Funds. A closed-end fund, or CEF, is an investment structure (not an asset class), organized under the regulations … Their fees include both management and performance fees. News CAPIS Insights. Seattle-based venture capital firm Bloccelerate closed a $12 million fund on Nov. 30 to bet on both enterprise blockchain adoption and Ethereum-based financial applications. An open end fund stands ready to buy shares from its investors. Although the funds seek to preserve the value of your clients investment at $1.00 per share, it is possible to lose money by investing in the funds. Today, they currently offer juicy yields. Private equity funds are closed-end funds that are not listed on public exchanges. These funds are generally formed as either a Limited Partnership (“LP”) or Limited Liability Company (“LLC”). The Closed-End Fund Association (CEFA) is the national trade association representing the closed-end fund industry. Closed end funds are subject to management fees and other expenses. The Wells Fargo Global Dividend Opportunity Fund is a closed-end equity and high-yield bond fund. Rather, closed-end funds typically issue a fixed number of shares that are listed on a stock exchange. Closed-end funds have been around for more than a hundred years. Their yields range from 6.32% on average for bond CEFs to 7.22% for the average stock CEF, according to Lipper Inc. Closed end funds may trade at a discount or premium to their NAV and are subject to the market fluctuations of their underlying investments. As a result, closed-end funds are well positioned to seek returns from less liquid and overlooked securities. General Atlantic Raises $3.3 Billion for Third Closed-End Investment Fund April 12, 2018 Bloomberg News highlights General Atlantic’s completed fundraising of $3.3 billion for our third closed-end fund and describes our firm’s focus on growth-equity investing through our global platform. The closed-end fund, which was offered at $15 a share, closed yesterday at $14.44 a share in Nasdaq trading under the symbol AINV. Closed-end funds (“CEFs”) posted a positive third quarter, with the average CEF1 up 4.5% on net asset value (“NAV”) and up 4.6% on market price. 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