Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • adjective Having no definite limit of duration or amount.
  • adjective Continually issuing new shares or buying back existing shares from shareholders.
  • adjective Permitting the borrowing of additional funds under existing terms.

Etymologies

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Examples

  • Also called open-end investment funds, they continually sell and redeem shares at prices based on the asset value of the funds’ portfolios.

    Essential Guide to Business Style and Usage PAUL R. MARTIN 2002

  • Also called open-end investment funds, they continually sell and redeem shares at prices based on the asset value of the funds’ portfolios.

    Essential Guide to Business Style and Usage PAUL R. MARTIN 2002

  • It also will be one of a handful of asset managers to offer active and passive ETFs as well as open-end and closed-end funds, including BlackRock and PIMCO.

    Exclusive: Guggenheim reorganizes, phases out Rydex ETF Reuters 2011

  • A traditional open-end mutual fund prices its shares only once a day: If you get your order in before 4 p.m.

    What the heck is an ETF anyway? 2010

  • It also will be one of a handful of asset managers to offer active and passive ETFs as well as open-end and closed-end funds, including BlackRock and PIMCO.

    Exclusive: Guggenheim reorganizes, phases out Rydex ETF Reuters 2011

  • The result: While the Alerian MLP Infrastructure Index, an industry benchmark, soared 30% in the past year through Thursday, the $511 million SteelPath MLP Select 40 Fund, the largest conventional, open-end MLP mutual fund to launch in 2010, is up just 18%.

    Are Energy-Partnership Funds Worth the Energy? Ian Salisbury 2011

  • This is a feeling "connected to the edge, an experience of limits in its quasi-mathematical sense of an open-end, which in turn becomes one of extreme poetry".

    The Enchanter: Nabokov and Happiness by Lila Azam Zanganeh – review 2011

  • The "closed end" label reflects the fact that these funds don't continually issue new shares, as conventional open-end funds do.

    Pros and Cons of Closed-End Funds Brett Arends 2010

  • Another big reason investors buy index ETFs: The funds have a lower average annual expense ratio than open-end index mutual funds: 0.56% of assets, compared with 0.98%, according to Morningstar.

    The ABCs of ETFs Rachel Louise Ensign 2011

  • More Facebook Readies IPO Filing Lawrence Friend , a former SEC chief accountant, says that in an open-end fund, either the buyers or the sellers will suffer: "You're hurting the purchasers if your price is too high, or the redeemer if it's too low."

    What Is Facebook Worth? Joe Light 2012

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