Jenkyn-Jones runs an almost identical open-ended fund with the same name and 17.5 million pounds of assets on the Irish stock exchange.
FORBES
An open-ended fund issues new shares or units every time an investor puts money in, and retires them every time he takes money out.
ECONOMIST: Moneyed men in institutions | The
RiverNorth launched its first open-ended fund, Core Opportunity, in 2006.
FORBES: RiverNorth Profits From Clueless Closed-End Mutual Fund Investors
The Fund is an open-ended mutual fund marketed publicly mostly to the Muslim American community.
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However, I believe corporate bonds should be delivered using a traditional open-ended mutual fund because it avoids the discounts and premiums that develop in bond ETFs.
FORBES: How I View ETFs
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