Sunday, December 26, 2010

Open-end Investment Company

The term 'Open-end Investment Company' is a legal term for a mutual fund which is willing and able to issue and buy back shares from investors at any time. The opposite is a closed-end fund which raises a fixed amount of capital and then facilitates the trading of those existing shares between investors, e.g. by listing the shares or units on the stock exchange.

Synonyms: Open fund, Open-end fund

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