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open-end investment company

DEFINITIONS OF: open-end investment company

1

n a regulated investment company with a pool of assets that regularly sells and redeems its shares

Synonyms:
mutual fund, mutual fund company, open-end fund
Types:
index fund
a mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Type of:
fund, investment company, investment firm, investment trust
a financial institution that sells shares to individuals and invests in securities issued by other companies
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