ETFs also retain some features of open-ended funds.

ECONOMIST: Passive investing: Another kind of web | The

The closure was the first in the 40-year history of open-ended property funds and prompted an outcry.

ECONOMIST: The peculiar flaws of German open-ended property funds

For investors interested in open-ended offshore funds, the five listed in the table above are some of the best performers over the past three years.

FORBES: Playing the Latin rebound

That is how some peddlers of Germany's open-ended property funds have responded to reactions, verging on panic, to the closure of two such funds since early December.

ECONOMIST: The peculiar flaws of German open-ended property funds

Hedge funds are typically open-ended.

FORBES: The Simple Truth about Hedge Funds

The mutual funds and unit trusts sold to Uncle Edgar and Aunt Edna are also open-ended, allowing retail investors to move money in and out when needed.

FORBES: The Simple Truth about Hedge Funds