Open-End vs. Mutual Firms

by David Jenyns on March 19, 2008

Open-End vs. Mutual Firms
Undoubtedly, the word ‘mutual’ has sales value, for it is associated with savings banks and certain life insurance companies. In a number of ways, open-end companies are no more mutual than the ordinary commercial bank or industrial enterprise. This does not detract from their merits, but uninformed investors may misunderstand the implications of the word.

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