Open-End Assets
type: Class
preferred label: Open-End Funds
alternative label: Continuously Offered Funds
subclass of: RDWDi7o4XYIl6YajH1XLGU1
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.