Finanza: Fondi comuni di investimento
| English |
| open-ended fund |
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| Attestation |
3
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| Part of speech |
Noun phrase
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| Definition |
an investment fund where the number of units in issue varies from day to day according to the difference between subscriptions and redemptions.
In Britain, unit trusts and OEICS are an example of open-ended funds. Other examples include Us mutual funds, European Ucits and SICAVs, and most offshore funds.
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| Definition source |
Gl-MW
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| Context |
[...] To lapse into jargon for a moment, unit trusts are open-ended and investment trusts are closed-ended. In translation, the open-ended structure of a unit trust means that its size is unrestricted. It does not matter how many investors want to take part, nor how much money is pooled, because in a unit trust the amount of money that can be collected together for investment is limitless. [...]
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| Context source |
MO
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| Comprehensive concept |
investment fund
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| de |
offener Investmentfonds
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| it |
fondo aperto
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