Open-ended fund
Collective investments that don’t have a fixed size or number of shares or units. Instead, these type of funds grow or shrink in line with investor demand.
This means that when investors purchase an open-ended fund, new units or shares are created; and when investors sell their holdings, these units or shares are cancelled.
The price of the unit or shares is determined by the value of the investments the fund holds, rather than supply and demand.
Popular terms
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