open-end investment company

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Related to Open Ended Investment Companies: ICVC
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  • noun

Synonyms for open-end investment company

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

References in periodicals archive ?
Investors in Fidelity have voted to change the majority of its unit trusts into Open Ended Investment Companies.
With 140 billion pounds sterling in assets under custody, Lloyds TSB Securities Services comprises unit trust administration, depositary for open ended investment companies, custody services and fund accounting for over 400 institutional relationships in the United Kingdom and continental Europe.