mutual fund


A mutual fun is a professionally managed firm of collective investments that collects money from many investors and puts it in stocks, bonds, short-term money market instruments, and/or other securities. The fund manager, also known as portfolio manager, invests and trades the fund's underlying securities, realizing capital gains or losses and passing any proceeds to the individual investors. Currently, the worldwide value of all mutual funds totals more than $26 trillion.

Trivia about mutual fund

  • Dickens title adjective for a fund operated by an investment company, with stocks, bonds & other interests
  • Also called a unit trust, it's an entity that invests the money of a pool of people in various securities

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