Glossary - Mutual funds

Description

A mutual fund is a professionally managed investment vehicle that pools money from multiple investors to buy a diversified portfolio of assets—such as stocks, bonds, or other securities. Each investor owns shares that represent a proportional interest in the fund’s total holdings.

Alternate Names

  • Collective investment scheme
  • Unit trust
  • Open-ended fund
  • Managed fund
  • Investment fund
  • Pooled fund