An open-end investment company is commonly referred to as a(n)

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An open-end investment company is commonly referred to as a mutual fund. It is a type of investment company that pools money from multiple investors to purchase a diversified portfolio of securities, including stocks, bonds, and other assets. Open-end funds are different from closed-end funds, which have a fixed number of shares that trade on an exchange. Open-end funds issue and redeem shares on demand, meaning that investors can buy and sell shares at any time at the current net asset value (NAV) of the fund.

An Open-End Investment Company Is Commonly Referred to as A(n)