new fund offer (NFO)


A type of security offering that occurs when a new mutual fund is created whereby investors are able to buy units of a closed end mutual fund. This offering, similar to a stocks' initial public offering (IPO) allows the underlying company to raise capital for the purpose of buying securities.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
New European Exchange (NEWEX) new high