Definitions for "Open-ended fund"
Keywords:  oeic, sicav, nav, continuosly, ucits
These funds have no limit to the number of units (or shares) they can issue. The price of the units (or shares) remains closely aligned to the NAV of the fund. Unit trusts and OEICs are open-ended funds.
A unit trust or fund in which the fund managers may change the investments in the trust without notifying the unit-holders.
A fund whose capital, and funds under management, increase or decrease in response to demand from buyers and sellers. The fund can issue new units/shares and redeem them. Unit trusts and open-ended investment companies (OEICs) are open-ended funds. Opposite of a closed-ended fund.