open-end investment company

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Related to Open Ended Investment Companies: ICVC

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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References in periodicals archive ?
HSBC said that the onshore investment bond offers whole of market choice with almost 2,000 open ended investment companies and unit trusts, from over 100 fund managers.
During the month total investments in unit trusts and open ended investment companies increased by pounds 1.
Sales of the new Isas and Open Ended Investment Companies - which are gradually replacing unit trusts, almost quadrupled to pounds 27.