A type of mutual fund that continually buys and sells shares on the market, and is ready to buy back shares whenever an investor wants to sell.
Another name for a unit trust. An investment fund in which the number of units in issue varies according to demand and where the value of the unit closely reflects the underlying value of the total assets.
A collective investment fund that is ready and able to issue new units or redeem units whenever investors wish to increase or decrease their investment.
A regulated investment company that offers an unlimited number of shares and stands ready to buy back shares at any time. Another term for mutual fund.
Fund which can issue new units.
A mutual fund that continues to sell shares to investors, and will buy back shares when investors wish to sell.