Asset Redeemability Structure
type: Class
preferred label: Fund Redemption Structure
alternative label: Investment Redeemability
alternative label: Redemption Structure
subclass of: R9c3HXkuELwcWa4UNcvpbxk
definition: Asset Redeemability Structure indicates whether units of an investment are traded on the secondary market or whether the fund continually stands ready to sell new units and redeem outstanding units on demand. Closed-end units are typically sold on an organized exchange or over-the-counter market and are usually not redeemed, while open-end funds continually sell new units to the public and redeem outstanding units on demand, resulting in fluctuating levels of outstanding capital.