Home  | Term of the Day | |||
| mutual fund An open-ended fund operated by an investment company which raises money from shareholders and invests in a group of assets, in accordance with a stated set of objectives. Mutual funds raise money by selling shares of the fund to the public, much like any other type of company can sell stock in itself to the public. Mutual funds then take the money they receive from the sale of their shares ... | ||||
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| Usage Example We suggested that the client invest in a mutual fund because he mentioned diversification being an important consideration for himself. | ||||
Term of the Day
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Join date : 2013-01-12
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