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Open-end fund (or open-ended fund) is a collective investment scheme that can issue and redeem shares at any time. An investor will generally purchase shares in the fund directly from the fund itself, rather than from the existing shareholders.
All UCITS funds must comply with the same investment limits. A collective investment fund may apply for UCITS status in order to allow EU-wide marketing. The concept is to create a single funds market across the EU. The aim is that with a larger market the economies of scale will reduce costs for investment managers which can be passed on to ...
A mutual fund is an investment fund that pools money from many investors to purchase securities.The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
The term fund manager, or investment adviser in the United States, refers to both a firm that provides investment management services and to the individual who directs fund management decisions. [2] The five largest asset managers are holding 22.7 percent of the externally held assets. [3]
The Scottish American Investment Trust, founded in 1873, was one of the first funds to invest in American securities and help finance the post-Civil War U.S. economy. This established a link between British fund models and U.S. markets. The first mutual fund, or open-end fund, was introduced in Boston in 1924 by the Massachusetts Investors Trust.
Historically, open-ended investment funds in Hong Kong were commonly established in the form of unit trusts but not in corporate forms. This is due to various capital reduction restrictions applicable in Hong Kong which restrict a company from reducing or making distributions out of its share capital unless certain procedures specified in the ...
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Fonds commun de placement translates to "investment funds" or "mutual funds", and are open-ended collective investment funds. The legal structure is neither a trust or a company and are more like an open ended partnership.