open-end investment company


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open-end investment company

n.
A mutual fund.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.open-end investment company - a regulated investment company with a pool of assets that regularly sells and redeems its sharesopen-end investment company - a regulated investment company with a pool of assets that regularly sells and redeems its shares
investment company, investment firm, investment trust, fund - a financial institution that sells shares to individuals and invests in securities issued by other companies
index fund - a mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
References in periodicals archive ?
In its certificate of incorporation, KAPA is explicitly prohibited from undertaking business activities requiring a secondary license such as acting as broker or dealer in securities, investment house and close-end or open-end investment company.
While KAPA is a registered corporation in the Philippines, its certificate of incorporation dated March 3, 2017 explicitly stated that it was not authorized to undertake business activities requiring a secondary license such as acting as broker or dealer in securities, investment house and close-end or open-end investment company.
KAPA is a registered corporation but its certificate of incorporation dated March 3, 2017, explicitly said that it is not authorized to undertake business activities requiring a secondary license, such as acting as broker or dealer in securities, investment house and close-end or open-end investment company.