A fund in which participants buy and sell at a unit price based on the appraised value of total assets. Participants can leave and enter at any time and assets may be continually added to the fund. (Opposite of Closed-end Fund).

A management investment company in which new shares are issued according to supply & demand of investors. Not listed on stock exchanges. Biggest drawback is inability to place stop-loss orders to automatically exit if price drops below critical areas of support. See also Closed-End (Mutual) Fund.

mutual funds where new shares are sold when there is a request, with the expectation that the seller will request to buy back the shares at no extra charge. Compare closed-end fund.

a regulated investment company with a pool of assets that regularly sells and redeems its shares

a mutual fund that continuously issues new shares as needed and buys them back when investors wish to sell

a mutual fund The central idea of a mutual fund is to enable investors to pool their money and place it under professional investment management

a mutual fund which can issue and redeem shares at any time

A mutual fund that continuously sells shares to investors and redeems shares when investors wish to sell. Open-end funds have no limit to the number of shares they can issue.

Mutual fund with unlimited number of shares available for investors to purchase.

A collective investment scheme that has an unlimited number of shares available for purchase. Most collective investment schemes are open-ended.

Known as unit trusts (UK), mutual funds (US) and Sicavs (Europe), these funds are investment vehicles which invest funds subscribed by investors and, in return, issue units which represent equal shares of the total portfolio. Units pay a dividend based on cash flow stream from underlying investments and fluctuate in value in line with the change in those underlying investments' capital value. The price of units in open-end funds precisely reflect the net asset value of the total portfolio and units may be tendered to the managers for repurchase.

An open-end mutual fund that is constantly issuing and redeeming its units thereby having a varying number of outstanding units each day. Most mutual funds are open-ended.

There is no limit to the number of shares the fund can issue. The fund issues new shares of stock and fills the purchase order with those new shares. Investors buy their shares from, and sell them back to, the mutual fund itself. The share prices are determined by their net asset value.

Investment fund with variable capital, which can continually issue new units, but is also obliged to redeem issued units at their net asset value on demand. Funds established on the basis of a traditional collective investment contract are an example of this type of product. Opposite: closed-end fund.

A mutual fund that is offered by an Investment Company that sells to the public. The term arises from the fact the firm continually creates new shares on demand.

A mutual fund that continually offers it shares for purchase by investors. Investors redeem open-end fund shares by selling them back to the fund. This practice is in contrast to closed-end funds and other exchange-traded securities, which are bought and sold by investors in the open markets.

A fund in where the buyer's purchase money goes directly into the fund. Whe...

A mutual fund in which the amount of money under management grows/shrinks as investors buy/sell the fund.

A mutual fund that has no fixed number of shares outstanding.

An open-end mutual fund continuously issues and redeems units. If a investor wishes to buy or sell units of an open-end mutual fund, they will do so directly from the fund (as opposed to using a stock exchange). Most mutual funds are open-ended.

An investment account with funds from multiple investors that continue to solicit or accept additional investment funds for additional investment projects. Most of the well-known mutual funds are open-end funds.

a mutual fund that has an unlimited number of shares available for purchase.

(Also known as "mutual fund.") An investment company that pools money from shareholders and invests in a variety of securities, including stocks, bonds, and money market instruments. They offer growth, income, or both, and the opportunity to invest in everything from a country or industry to the movements of the markets themselves. A mutual fund continually sells new shares to investors and redeems those that are tendered by shareholders.

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 prevailing market prices.

A fund whose shares are redeemable at any time at approximate asset value. In most cases, new shares are offered for sale continuously.

A mutual fund which does not have a set number of shares. New shares are sold as market demand requires. The investment company has an obligation, however, to purchase the shares from investors as they are submitted for redemption.

A mutual fund with no limit to the number of shares that can be issued. These shares are purchased directly from the fund company itself, or through a brokerage firm.

This is the most typical type of mutual fund, with the number of shares available to investors limited only by the fund manager's discretion and the amount of money coming in to the fund from investors. Investors buy and sell open-end mutual funds directly through mutual fund companies (or through brokers), unlike closed-end mutual funds, which are purchased and sold on the open market. The net asset value (NAV) for an open-end mutual fund determines its price.

An investment company that stands ready to sell new shares to the public and to redeem its outstanding shares on demand at a price equal to an appropriate share of the value of its portfolio, which is computed daily at the close of the market. Also called a mutual fund. Participants may buy or sell shares at any time the market is open. Typically properties are continually added to the fund.

A type of investment company which continuously offers shares to the public and stands ready to buy back such shares whenever an investor wishes to sell.

A mutual fund that makes a continuous offering of its shares and stands ready to buy its shares upon surrender by the shareholders. The share value is determined by net asset value of the fund.

A mutual fund that is formed to continuously issue and buy back shares to meet investor demand. The share price is determined by the market value of the securities held by the fund's portfolio, and it may be higher or lower than the original purchase price. Open-end funds can be load or no-load.

Also called a mutual fund, an investment company that stands ready to sell new shares to the public and to redeem its outstanding shares on demand at a price equal to an appropriate share of the value of its portfolio, which is computed daily at the close of the market.

An open-end fund, or a mutual fund, generally sells as many shares as investor demand requires. As money flows in, the fund grows. If money flows out of the fund the number of the fund's outstanding shares drops. Open-end funds are sometimes closed to new investors, but existing investors can still continue to invest money in the fund. In order to sell shares an investor generally sells the shares back to the fund. If an investor wishes to buy additional shares in a mutual fund, the investor generally buys newly issued shares directly from the fund.

An open-end mutual fund continuously issues and redeems units, so the number of units outstanding varies from day to day. Most mutual funds are open-ended.

A commingled fund that does not have a finite life, continually accepts new investor capital and makes new property investments

This is the standard municipal bond fund. It has no fixed number of bonds in its portfolio. Rather it buys issues as investors buy shares in the fund, sells issues as investors redeem shares. The tax-free dividend is dependent on a pro-rata share of the interest earned, and this varies as the income of the portfolio varies. The fund managers guarantee to buy back shares at their Net Asset Value, the market value of all the bonds in their portfolio as determined at the close of each business day. This NAV per share can be more or less than the original purchase price. Open-end funds have no maturity date so ultimately they must be sold to return principal.

The most typical type of mutual fund, allowing investors to purchase or redeem shares over the lifetime of the fund. The fund manager and the amount of money coming in to the fund from investors determine the number of shares available to investors. You buy and sell open-end mutual funds directly through mutual fund companies (or through brokers), unlike closed-end mutual funds, which you buy and sell like a stock through an exchange.

An open-end(ed) fund is a collective investment which can issue and redeem shares at any time. An investor can purchase shares in such funds directly from the mutual fund company, or through a brokerage house.