What is another word for open-end funds?
Pronunciation: [ˈə͡ʊpənˈɛnd fˈʌndz] (IPA) 
Open-end funds are investment funds in which new shares are continuously created by the fund company. These funds do not have a limited number of shares, so investors can buy and sell shares based on the fund's net asset value (NAV) throughout the day. Other synonyms for open-end funds include mutual funds, unit trusts, collective investment schemes, and open-ended investment companies (OEICs). These different names are often used interchangeable in different countries and financial institutions. Regardless of the terminology, open-end funds are popular investment products due to their accessibility, diversification, and professional management. Investors should always conduct thorough research and due diligence before investing in any fund product.
