FOLIO Ontology

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Open-End Assets

IRI:
https://folio.openlegalstandard.org/R5b49iXhdLOBaTOqsjQBtQ
Preferred Label Open-End Funds
Alternative Labels
Continuously Offered Funds

Definition

Open-End Assets refer to investment funds that continually offer new units to the public and redeem outstanding units on demand. This mechanism results in the constant adjustment of the fund's outstanding capital, increasing or decreasing as investors buy or redeem units.

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