An open-ended fund, as opposed to a closed-end fund, is a mutual fund which can issue or redeem shares according to the level of subscriptions and redemptions.
Options are financial instruments that give their holders the right but not the obligation:
Option prices depend on the underlying price, the strike, the risk-free rate, the maturity and the expected volatility (implied volatility) of the underlying.
Investments in the aforementioned fund are subject to market fluctuation and risks inherent in investing in securities. The value of investments and the revenue they generate can increase or decrease and it is possible that investors will not recover their initial investment. Source: BNP Paribas Asset Management Holding.