Open-End Investment Funds
type: Class
subclass of: eB-pFR30SO212o2qBiBW0g
definition: This industry comprises legal entities (i.e., open-end investment funds) organized to pool assets that consist of securities or other financial instruments. Shares in these pools are offered to the public in an initial offering with additional shares offered continuously and perpetually and redeemed at a specific price determined by the net asset value.
example: Investment funds, open-ended
example: Money market mutual funds, open-ended