Mutual Fund the common name for an open-end investment company.

Mutual funds, as open-end investment companies, always stand ready to sell new shares or to redeem existing shares at their net asset value.

The stock has been strong lately partly on the rationale that ASA might convert into an open-end investment company and trade at net asset value.

Closed-end companies have a fixed number of shares outstanding in contrast to mutual funds, or open-end investment companies, which stand ready to redeem existing shares or to sell new shares.

In Wall Street, the thinking is that the Grace-Pickens group, rather than a takeover, really wants to force the Japan Fund into becoming an open-end investment company, or mutual fund.

Mutual funds are known as open-end investment companies because they stand ready to sell new shares to people who pay the net asset value - plus any sales charge in the case of "load" funds.

The exchange-traded fund or ETF is often structured as an open-end investment company, though ETFs may also be structured as unit investment trusts, partnerships, investments trust, grantor trusts or bonds (as an exchange-traded note).

Directed the SEC to prohibit as unreasonable or deceptive any fee under a 12b-1 plan (to use assets to pay distribution-related costs) charged by a registered open-end investment company for any activity other than shareholder servicing activities whose costs are collected directly and transparently from the investor.