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Open end fund |
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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 MatchesOn the opening orderOn the opening orderA market order that is to be executed at the price of the first trade of the day. Average propensity to importAverage propensity to importThe fraction of total income spent on imports; thus the ratio of imports to GDP. Contrasts with marginal propensity to import. Wide openingWide openingAbnormally wide spread between the bid and asked prices of a security at the opening of a trading session. Open SourceOpen SourceOpen Source is a term, developed in 1997, to represent free software. The term was designed to emphasize the freedom of use aspect of the software (source code is open), and not allow people to assume free meant no cost (which it did not). Aside from the marketing aspect of the new term, there are also differences in the ideologies of the proponents of the open source movement as a "branch" of the free software movement. The open source movement (Eric Raymond et al.) believes that open source should be a business choice, and only appropriate when it makes business sense (Magic Cauldron paper discusses this). The free software movement (evangelized by Richard Stallman) believes that all software should be free, and only if all software is free will free software be truly effective. Since all software development relies on previous "knowledge", and that previous knowledge is public domain, then new knowledge, as a derivitive, should also be free. While Open Source software must have a no-cost alternative (for it to comply with the open source definition) a marketer can sell a version at a price. (Red Hat's version of the Linux operating System is a great example.) The software releases are done so with the source code, which allows the consumer/user to modify the code for its specific purpose. Users that do modify the code are asked (via the license) to submit any modifications back to the initiators of the project (submitting a patch). This allows any improvements, or resolved bugs, to be included in new releases of the product. The most important developments thus far in the open source and free software movement has been the evolution of the Linux operating system, began in 1991, and the announcement of Netscape's Mozilla project, in 1997. Open outcryOpen outcryThe method of trading used at futures exchanges, typically involving calling out the specific details of a buy or sell order, so that the information is available to all traders. Further Suggestionsopening saleOpen account Open Policy Opening transaction Import propensity Market opening Open Rate Open end lease Open-economy multiplier Buy on opening Opening sale Marginal propensity to save Open repo Open End Mortgage Open market operation Open position Opening purchase Average propensity to consume Openness Opening Bank open offer Open markets Opening Marginal propensity to consume open interest |
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