open-end investment company

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open-end investment company

A mutual fund.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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Noun

open-end investment company - a regulated investment company with a pool of assets that regularly sells and redeems its shares

mutual fund company, open-end fund, mutual fund

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

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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.

SEC shuts down KAPA for deceiving investors

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.

SEC makes permanent cease-and-desist order vs KAPA

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.