525910 Open-End Investment Funds

Overview

This industry comprises legal entities (i.e., open-end investment funds) organized to pool assets that consist of securities or other financial instruments. Shares in these pools are offered to the public in an initial offering with additional shares offered continuously and perpetually and redeemed at a specific price determined by the net asset value.

Illustrative Examples:
Investment funds, open-ended
Money market mutual funds, open-ended

Cross-References

None

Index Entries

Funds, mutual, open-ended
Investment funds, open-ended
Management investment offices, open-ended
Money market mutual funds, open-ended
Mutual funds, open-ended