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Financial Terms

Interval Fund

This type of fund is illiquid and has a fixed term, meaning investors can only redeem their shares at specific times. The fund's holdings are typically made up of alternative assets such as private equity, real estate, or hedge funds.

An Interval Fund falls under the category of mutual funds and offers the opportunity for investors to purchase and sell units at predetermined intervals. Unlike other mutual funds, this type of fund is not readily liquid and has a fixed term. This means that shareholders can only redeem their shares at specific times as determined by the fund. The fund's portfolio is usually comprised of alternative assets such as private equity, real estate, or hedge funds.

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