What does open-end investment company mean?
Definitions for open-end investment company
open-end in·vest·men·t com·pa·ny
This dictionary definitions page includes all the possible meanings, example usage and translations of the word open-end investment company.
Princeton's WordNet
mutual fund, mutual fund company, open-end fund, open-end investment companynoun
a regulated investment company with a pool of assets that regularly sells and redeems its shares
Wikipedia
open-end investment company
An open-ended investment company (abbreviated to OEIC, pron. /ɔɪk/) or investment company with variable capital (abbreviated to ICVC) is a type of open-ended collective investment formed as a corporation under the Open-Ended Investment Company Regulations 2001 in the United Kingdom. The terms "OEIC" and "ICVC" are used interchangeably with different investment managers favouring one over the other. In the UK OEICs are the preferred legal form of new open-ended investment over the older unit trust. As an open-ended company the manager must create shares when money is invested and redeem shares as requested by shareholders. As with other collective investments, ICVCs' main function is to make money for the shareholders. This is achieved via investing in different asset classes such as equities, fixed-interest investments, and property. By using economies of scale they facilitate access to professional investment management for small investors. OEICs were developed to be similar to European SICAVs and U.S. mutual funds.
ChatGPT
open-end investment company
An open-end investment company, also known as a mutual fund, is a type of investment company that continually creates and sells new shares to investors and stands ready to redeem its shares from investors at the end of every trading day at the net asset value. These companies pool money from many shareholders and use that capital to invest in a diversified portfolio of stocks, bonds, or other securities. Unlike closed-end funds, open-end funds do not issue a fixed number of shares and do not trade on the open market.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of open-end investment company in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of open-end investment company in Pythagorean Numerology is: 4
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"open-end investment company." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/open-end+investment+company>.
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