open end fund

A mutual fund that continually offers new shares and buys back existing shares on demand.

• An open-end fund will continue to grow as more shareholders invest because it does not have a fixed number of shares outstanding.

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词条贡献者

法律翻译Lester，毕业于英国一流的高级翻译学院，专注翻译各类与消费者与零售产品有关的法律文件。