Open-ended fund
Collective investments that don’t have a fixed size or number of shares or units. Instead, these type of funds grow or shrink in line with investor demand.
This means that when investors purchase an open-ended fund, new units or shares are created; and when investors sell their holdings, these units or shares are cancelled.
The price of the unit or shares is determined by the value of the investments the fund holds, rather than supply and demand.
Popular terms
A simple, low-cost pension where you choose from four AJ Bell fund options.
Money paid in is automatically invested...
The Pension builder fund is AJ Bell’s low-cost standard option, designed to help you invest the money you’ve paid into...
A type of pension that you set up yourself. You control how much you pay in (and when) as well...