Open-End Fund
/ˈoʊpən ɛnd fʌnd/
Definitions
- (n.) A type of investment fund that offers shares which investors can buy or redeem at any time at the fund's current net asset value.
The investor chose an open-end fund for its liquidity and flexibility.
Forms
- open-end fund
- open-end funds
Related terms
See also
Commentary
Open-end funds differ from closed-end funds primarily in their continuous offering and redemption of shares based on net asset value.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.