Closed-end fund
A closed-end fund (CEF) is a form of collective investment vehicle whereby the number of shares in the fund is fixed. Usually, those seeking to invest in an existing closed end […]
Investment company
A company that is set up to make investments on behalf of its shareholders (also called a closed-end fund and, in specific circumstances, an investment trust). Legally, an investment company […]
Investment trust definition
An investment trust is a company domiciled in the UK. (see Investment Company ) Investment trusts must: invest in shares, land or other assets with the aim of spreading investment risk, […]
The Association of Investment Companies (AIC)
The Association of Investment Companies (AIC) is the United Kingdom trade association for the closed-ended investment company industry. To visit the AIC’s website, please click here http://www.theaic.co.uk/
Zero discount mechanism / Zero discount policy
Zero discount mechanism / Zero discount policy are terms used to describe a situation where an investment company commits (sometimes only in normal market conditions) to maintaining its discount close […]
EBITDA
EBITDA is an abbreviation that stands for Earnings Before Interest, Tax, Depreciation and Amortisation. It is a close approximation for the cash generated by a company before it pays any interest and […]