Mutual funds,which sell units directly to investors and repurchase units from investors who want to sell,are called

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The description matches with open-end funds, which are also known as mutual funds. They continuously issue and redeem units based on investor demand, distinguishing them from closed-end funds, which have a fixed number of shares outstanding and are traded like stocks. Open-market funds and fair value funds are not commonly used terms in the mutual fund industry.

Mutual Funds,which Sell Units Directly to Investors and Repurchase Units