Feeling Safe With Open-End Stocks
Feeling Safe With Open-End Stocks
When the phrase open-end was first used, apparently it meant merely that a company was continuing to issue additional shares of its stock, and to redeem shares, and that the total number of shares outstanding might rise or fall. But the meaning of open-end has grown to include all of the laws, regulations, and customs that distinguish what are now the principal group of American investment companies from the older type called closed-end, as well as from other corporations aside from investment companies. Open-end is a legal expression; mutual fund is the popular label with the same meaning.





























