| NOUN | group | open-end investment company, mutual fund, mutual fund company, open-end fund | a regulated investment company with a pool / pool of assets that regularly sells and redeems its shares |
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| Meaning | A regulated investment company with a pool / pool of assets that regularly sells and redeems its shares. | |
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| Synonyms | mutual fund, mutual fund company, open-end fund | |
| Narrower | index fund | A mutual fund that invests in the stocks that are the basis of a well-known stock or bond index |
| Broader | investment company, investment trust, investment firm, fund | A financial institution that sells shares to individuals and invests in securities issued by other companies |
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