Closed-ended fund
A collective investment fund that has a fixed number of shares in issue. An example of a closed-ended fund is an investment trust.
Unlike an open-ended investment company (OEIC), the value of a closed-ended fund moves with demand for its shares. This means its shares could be trading above (at a premium) or below (at a discount to) the net asset value of the fund.
More on Investment trustsPopular terms
Ready-made pension
A simple, low-cost pension where you choose from four AJ Bell fund options.
Money paid in is automatically invested...
Pension builder
The Pension builder fund is AJ Bell’s low-cost standard option, designed to help you invest the money you’ve paid into...
Non-workplace pension
A type of pension that you set up yourself. You control how much you pay in (and when) as well...