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What does an open-ended pooled trust fund mean?

April 26, 2017fund mean open-ended pooled Trust

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What does an open-ended pooled trust fund mean?

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An open-ended trust fund allows clients to invest or redeem their investments at any time subject to guidelines set forth in the UITF Declaration of Trust. Funds from various clients with similar investment objectives are pooled together into one fund, which the trustee invests in various types of securities with the aim of maximizing returns within reasonable risk levels.