Examlex
______refers to the cumulative effect of long-term exposure to stress.
NAV
Net Asset Value; the total value of a fund's assets minus its liabilities, often used in the context of mutual funds.
Closed-End Mutual Funds
Investment funds with a fixed number of shares that are traded on stock exchanges, unlike open-end funds which do not have a fixed number of shares.
NAV
Net Asset Value, representing the per-share/unit price of a fund on a specific date or time.
Redeem Shares
The process of exchanging fund shares for cash or equivalent value, typically executed according to the terms set by the issuing company or fund.
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