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open-end fund

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open-end fund

noun
a regulated investment company with a pool of assets that regularly sells and redeems its shares [syn: mutual fund
WordNet® 3.0, © 2006 by Princeton University.
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Financial Dictionary

Open-End Fund

A mutual fund that continues to sell shares to investors, and will buy back shares when investors wish to sell.

Investopedia Commentary

Open-end funds have no limit to the number of shares they can issue. The majority of mutual funds are open end.

Units are bought and sold at their current net asset value.

Related Links

A Brief History Of The Mutual Fund
Mutual Fund Basics Tutorial
Does Size Really Matter?

See also: Closed-End Investment, Mutual fund, Net Asset Value - NAV

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