Open End Fund

What does it mean?
A mutual fund that continues to sell shares to investors, and will buy back shares when investors wish to sell.

In Other Words...
Open-end funds have no limit to the number of shares they can issue. The majority of mutual funds are open end.

Units are bought and sold at their current NAV.

Related Links
Mutual Fund Basics Tutorial - Learn about the basics--and the pitfalls!--of investing in mutual funds.

Related Terms
Closed End | Mutual fund | NAV

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