What is Open-end (Mutual) Fund – Banking Term

By | December 5, 2017

#Daily_One_Banking_Term
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➡ Meaning of Open-end (Mutual) Fund:

▪️There is no limit to the number of shares the fund can issue.

▪️The fund issues new shares of stock and fills the purchase order with those new shares.

▪️Investors buy their shares from, and sell them back to, the mutual fund itself.

▪️The share prices are determined by their net asset value.

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