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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a leading provider of investment information and analytical tools, today announced that Morningstar Europe has launched a Web-based information service that will cover the entire United Kingdom unit trust and Open-Ended Investment Companies (OEIC) market, in addition to offshore funds marketed in the UK.
Sales of unit trusts and open-ended investment companies (OEICs) to individuals reached pounds 998.