Open-End Management Company
This is just a fancy legal name for a mutual fund. An investor in an open-end fund essentially pools his/her money with other investors in order to attain economies of scale, professional management, etc.
This differs from a closed-end fund which has a limited number of shares available. Unlike with open-end funds, an investor in a closed-end fund typically sells his/her shares on the open market to another investor instead of back to the fund company.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
open-end management company — Fin a company that sells mutual funds. U.K. term open ended management company … The ultimate business dictionary
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