a regulated investment company with a pool of assets that regularly sells and redeems its shares

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The more formal name for an open-end mutual fund, indicating that it continuously issues and redeems (buy back) its shares on demand.

(See: Investment company)

The legal name for a mutual fund, indicating that it stands ready to redeem (buy back) its shares from investors on any business day.

See: Investment Company. OPENING TRANSACTION: The purchase or sale of an option transaction to establish or increase a position.

A unit trust, so called because it continuously offers new shares to the public.

An investment company that sells mutual fund units to the public. New units are created to meet investor demand, unlike a closed-end investment company, which issues a fixed number of shares which are then traded on an exchange.