Question
What is an open ended mutual fund?
Interesting Question? 
(1) 
(7)
(1) (7)
Answers (1)
19th Nov 2009 by Mark P. Cussen, CFP, CMFC
An open-ended mutual fund does not have a set number of shares outstanding like a stock does. New shares are automatically created for each new purchase, and they cease to exist when they are sold. The first type of mutual fund offered was an open end fund; it has not been until recent years that closed-end funds have started to become popular.
An open-ended mutual fund does not have a set number of shares outstanding like a stock does. New shares are automatically created for each new purchase, and they cease to exist when they are sold. The first type of mutual fund offered was an open end fund; it has not been until recent years that closed-end funds have started to become popular.
Like This Answer? (0) (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
(0) (0)
18th Nov 2009 In Mutual Funds
1 Answers | 101 Views
Subjects: mutual fund,
open ended mutual fund,