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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
MoneyExtra.com 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.