London Listed Funds – Session 2

Professional Development


A course run over two three hour sessions.

Session 1 covers an overview of London listed funds and is aimed at attendees who wish to gain a high-level understanding of London listed funds, key events and terminology, without the operational detail covered in Session 2.

Session 2 covers a detailed understanding of the operation of a listed closed-ended fund, how pricing and trading occur on listed funds, discount management, raising and returning capital over the life of the fund and the implications of this on NAV price performance. Attendees at this session are presumed to have either attended Session 1, or to have already developed this level of knowledge from practical experience.

3 CPD hours
3 hours

This course has already run and a new date has not yet been scheduled. Please contact us to register your interest.

Session content

Session 2 covers:

  • Pricing and trading. The operation of a closed-ended fund, trading on the LSE, understanding trading at a premium and discount, discount management, factors to consider for NAV and incentive fee calculations.
  • Raising new capital and returning capital. Options for raising capital post fund launch via C share and TAP issue. Redemption facilities, buy-back programmes and tender offers.