davidjmollett Aug 22, 2012:

funnily enough i just came across this phrase when translating something from diapharm, and the client had a query about my 'closed approval funds' (yes i know - v literal). i hadn't come across this phrase before. but uyuni's link does have the next sentence which explains it a little. max. input by investors etc. but this doesn't account for the 'zulassung' element - i.e. authorisation. is there a contract law thing relevant here?

freekfluweel Jul 30, 2012:

@uyuni you're right. Just me being sloppy!

uyuni Jul 29, 2012:

@ freekfluweel Omit the *s* in English singular (NOT in German!).

freekfluweel Jul 29, 2012:

closed-end funds http://de.wikipedia.org/wiki/Offener_Investmentfonds