OPEN-END FUND


Meaning of OPEN-END FUND in English

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 .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.