An investment company that continually offers new shares and buys existing shares back at the request of the shareholder and uses its capital to invest in diversified securities of other companies. (noun)
Examples of word mutual fund
Most noload mutual fund families offer retirement plans for small business owners and self-employed professionals.
Appreciables include a home with a mortgage, margined mutual fund shares, rental real estate, and a leveraged business or IRA.
For one study, he focused on investors in the famed Fidelity Magellan fund, which during a certain ten-year period was the best performing mutual fund on the planet.
And when I quit my job at the mutual fund I bought The New Yorker Book of Poems—the big yellow book—and I discovered Snodgrass, Kunitz, Nemerov, and Moss.
Send 10% out of each paycheck to Twentieth Century and use the Money Movement Strategy Chapter 30 to choose the right kind of mutual fund for the current economy.