Monday, December 27, 2010

Open Ended Fund

An open ended fund is an investment fund that is able to increase or decrease its units/shares based on investor demand. For example if a new investor deposits money they will be issued with new units, while an exiting investor will have their units canceled upon redeeming them for cash or transferring to another fund. Examples of open ended funds include unit trusts, Mutual funds, and OEICs.

Synonyms: Open end fund, Open ended investment company, OEIC
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