open-end fund


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Related to open-end fund: Closed end fund, Open Ended Mutual Fund

Open-end fund

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.

Open-End Mutual Fund

A mutual fund in which the number of shares may be increased or decreased depending on the amount of money invested in the company. This means that the fund's capitalization is not fixed and changes upon the demand of shareholders. In other words, an open-end mutual fund issues new stock when people invest in it and buys back old shares when investors want to be rid of them. The latter is referred to as redeeming one's share of the mutual fund. The value of each share is the net portfolio value divided by the number of shares. In the United Kingdom, this investment vehicle is usually called an open-end investment company.

open-end fund

An investment fund that does not have a finite life, continually accepts new investor capital,and makes new property investments.

References in periodicals archive ?
With a big portfolio, whether you call it a REIT or an open-end fund or whatever you call it, there's no beginning middle and end.
In addition, the board of trustees of the new open-end fund would be able to liquidate that fund in the future without shareholder approval if the board of trustees determines that it would be in the best interests of shareholders to do so.
Finally, if the proposal is approved, the shareholders of the fund will thereafter become shareholders of the new open-end fund.
The company said that it does not expect the open end fund's investment strategy and portfolio management team to change, but its shares will cease to trade on the New York Stock Exchange upon conversion; however thereafter additional shares may be bought from the open-end fund and redeemed at the stockholders' option at net asset value on a daily basis, subject to the terms of the registration statement for the open-end fund.
The reorganisation of each fund into an open-end fund will ultimately have the effect of eliminating each fund's trading discount upon closing of the respective reorganisation.