open-end investment company

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open-end investment company:

see mutual fundmutual fund,
in finance, investment company or trust that has a very fluid capital stock. It is unique in that at any time it can sell or redeem any of its outstanding shares at net asset value (i.e.
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Minimum contributions vary between pounds 1 and pounds 10 and funds invested in include the Legal and General UK Index, Norwich UK Index Tracking Fund and RBS Stakeholder Investment Fund ICVC.
35 Fund Class A (USD) Threadneedle Investment Funds ICVC American Select Growth 37.
Collective Investment Schemes (CIS - Organismi di Investimento Collettivo del Risparmio, OICR), which may put assets in investment funds or open-ended collective investment schemes (Investment Companies with Variable Capital, ICVC - Societa di Investimento a Capitale Variabile, SICAV) operated by national or international investment management companies