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Open-ended Funds
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Open-ended funds are investment funds where the number of units in issue varies from day to day. In the UK, unit trusts are examples of open-ended funds.
Other open ended funds include: US mutual funds, European UCITS and SICAVs. And most offshore funds.
See also: Moneyextra guide to unit trusts
Last Updated: May 2007 © Moneyextra.com
Our senior editor Robin Amlôt recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.