What does "open-end fund" mean?

A collective investment scheme which can issue and redeem shares at any time.

What is a synonym for "open-end fund"?

Common synonyms include: mutual fund, mutual fund company, open-end investment company.

noun

noun ·Rare ·Advanced level

Noun

1
A collective investment scheme which can issue and redeem shares at any time.
2
a regulated investment company with a pool of assets that regularly sells and redeems its shares wordnet