The prices for shares for closed-end funds is the factors of supply and demand, value of stocks and other investments contained in the fund's portfolio, and investor expectations.
A closed-end fund is a type of fund that raises money by issuing a certain number of shares that are not redeemable and then invests that money in securities like stocks and bonds. A closed-end fund's management does not issue additional shares to satisfy investor demand, in contrast to open-end funds.
Only a predetermined number of shares, which are then traded on an exchange, are issued by closed-end funds. Because most closed-end funds involve leverage, they are viewed as riskier investments. In other words, they borrow money to invest in order to increase their prospective profits.
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