Fund Structure & Regulation

Open-Ended Fund

Definition

What is Open-Ended Fund?

A fund that can create or cancel units as investors subscribe and redeem.

Example in practice

A new $500,000 subscription causes the fund to issue units at the applicable dealing price.

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A regulated arrangement that pools investors' money for investment according to a common objective.

A fund with a relatively fixed number of units that investors usually trade with one another.

A public authority responsible for regulating a securities market.

The percentage of a portfolio invested across asset classes such as cash, bonds, shares, and property.

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