Investment trust is a closed-end fund regulated by the Investment Company Act of 1940. These funds have a fixed number of shares that are traded on the secondary markets, like corporate stock. The market price may exceed the asset value per share, in which case shares are selling at a premium. When the market price falls below the (NAV)/share, shares are selling at a discount. Many closed-end funds are of a specialized nature; the portfolio represents a particular industry or, country. These funds are usually listed on US and foreign exchanges.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). investment trust. Retrieved October 1, 2026, from http://smartdefine.org/investment_trust/definitions/1156539 |
| Chicago | Barry Goldsmith. 2010. "investment trust" http://smartdefine.org/investment_trust/definitions/1156539 (accessed October 1, 2026). |
| Harvard | Barry Goldsmith 2010, investment trust, Smart Define, viewed 1 October, 2026, <http://smartdefine.org/investment_trust/definitions/1156539>. |
| MLA | Barry Goldsmith. "investment trust" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/investment_trust/definitions/1156539> |