|
|
Open end fund |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Open end fundA mutual fund, unit trust or open ended investment company (OEIC) which does not have a fixed amount of capital, but is 'open ended'. This means that the fund managers can issue new units and cancel old ones in accordance with supply and demand of investors. The significance of this is that the price of units is not buffeted by market forces (i.e. supply and demand) but stays fairly closely aligned with the net asset value of the underlying assets of the fund. That contrasts with closed end funds like investment trusts, whose share prices do go up and down according to supply and demand, and which often trade below their net asset value.Open end fundUsed in the context of general equities. Mutual fund that continually creates new shares on demand. Mutual fund shareholders buy the funds at net asset value and may redeem them at any time at the prevailing market prices. Antithesis of closed-end fund.Open end fund Similar MatchesOpen positionOpen positionA net long or short position whose value will change with a change in prices. Reopen an issueReopen an issueThe Treasury, when it wants to sell additional securities, will occasionally sell more of an existing issue (reopen it) rather than offer a new issue. Copenhagen Stock ExchangeCopenhagen Stock ExchangeThe only securities exchange in Denmark. It features electronic trading of stocks, bonds, futures, and options. Open (good till cancelled) order (GTC order)Open (good till cancelled) order (GTC order)Order to buy or sell a security that stays active until it is completed or the investor cancels it. Open depending on the floorOpen depending on the floorUsed for listed equity securities. Having room for a customer buyer or seller contingent on the results of a trade being executed on the floor (i.e., satisfying the specialist book and the orders the trader opened up). See: Open on the print, subject. Further SuggestionsOpen contractsOpen book Delayed opening Propensity Open end credit Wide opening Opening Reopening Opening price Open market operation Open End Mortgage Open outcry Open market rates Market opening Marginal propensity to import opening sale Are you open? Open Policy Marginal propensity to consume Open market operation Openness Open-economy multiplier Open end mortgage Small open economy Average propensity to consume |
|
|
|