Open-End Fund

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Open-end fund
An open-end(ed) fund is a collective investment which can issue and redeem shares at any time. An investor can purchase shares in such funds directly from the mutual fund company, or through a brokerage house.Open-ended funds are available in most developed countries, however terminology and operating rules vary. For example in the U.S. they are called mutual funds, in the UK they are either unit trusts or OEICs (Open-Ended Investment Companies) and in most of Europe they are SICAVs.
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WordNet 2.0 DictionaryDownload this dictionary
open-end fund
Noun
1. a regulated investment company with a pool of assets that regularly sells and redeems its shares
(synonym) mutual fund, open-end investment company
(hypernym) investment company, investment trust, investment firm, fund
(hyponym) index fund



Campbell R. Harvey's Hypertextual Finance DictionaryDownload this dictionary
Open-end fund
Used in the context of general equities. Mutual fund that continually creates new shares on demand. Mutual fund shareholders buy the funds at net asset value and may redeem them at any time at the prevailing market prices. Antithesis of closed-end fund.

The Lectric Law Library DictionaryDownload this dictionary
Open-End Fund
A mutual fund that continuously sells shares to investors and redeems shares when investors wish to sell. Open-end funds have no limit to the number of shares they can issue.

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