Open-end Funds

Open-end Funds

An open-end fund is a type of mutual fund that does not have restrictions on the amount of shares the fund can issue . The majority of mutual funds are open-end, providing investors with a useful and convenient investing vehicle.

An open-end fund is a mutual fund issuing unlimited shares of investments in stocks and/or bonds. Purchasing shares creates new ones, whereas selling shares takes them out of circulation. Shares are bought and sold on demand at their net asset value (NAV), which is based on the value of the fund’s underlying securities and is calculated at the end of the trading day.

An open-end fund provides investors an easy, low-cost way to pool their money and purchase a diversified portfolio reflecting a specific investment objective, such as growth and income. Investors do not need a lot of money to gain entry into an open-end fund, making the fund easily accessible for investment.

The first mutual fund was created on March 21, 1924. It was the first mutual fund with an open-end capitalization, allowing for the continuous issue and redemption of shares by the investment company.

The ATFund multilateral trading facilities born the 1st October 2018 is the Italian market for Open-end funds, priced at the NAV at the trading day’s end.


ATFund is an MTF that replaces the previous dedicated segment of ETFplus, offering participants a solution compliant with the European MiFID II and MAR rules, streamlined processes and an opportunity to focus more on quality of service.


Asset management companies can benefit from the platform's greater efficiency and simplicity, in addition to its increased visibility. Being listed on the exchange can considerably reduce administrative and back-office processes, which are already largely performed by the intermediary participating in the market, making it possible to focus on services that offer greater added value.

Open-end funds investors enjoy greater flexibility in buying and selling shares, selecting products, and allow them to reduce the cost currently borne by the holders.