Investment companies or mutual funds that continue to sell and repurchase shares after their initial public offerings are referred to as

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Investment companies or mutual funds that continue to sell and repurchase shares after their initial public offerings are referred to as open-end funds. Closed-end funds have a fixed number of shares and do not issue new shares to investors on an ongoing basis. No-load and load funds refer to the specific fees charged to investors for purchasing shares in the fund, and are not indicative of whether the fund is open- or closed-end.

Investment Companies or Mutual Funds That Continue to Sell and Repurchase