What is another word for open end funds?
Pronunciation: [ˈə͡ʊpən ˈɛnd fˈʌndz] (IPA) 
Open end funds are also known as mutual funds, which are a type of investment vehicle that pools money from multiple investors to buy securities such as stocks, bonds, and other financial assets. These funds are sometimes called open-ended because they can issue new shares to accommodate new investors, and there is no limit on the number of shares outstanding. Another synonym for this type of investment vehicle is unit trust, which is commonly used in the UK. Other terms that may be used to describe open-end funds include OEICs (Open-Ended Investment Companies), collective investment schemes, and investment funds. All of these terms refer to the same type of investment product that allows investors to diversify their portfolios and gain exposure to a wide range of assets.
