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Mutual fund |
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Mutual fundIn the US, a collective investment scheme, operated by an investment company, which enables small private investors to invest in a diversified portfolio of shares, bonds and other securities.It is known as an open end fund since there is no fixed amount of capital in the fund. If new investors want to invest in the fund, it can issue new units and accept their money into the pool. If they want to turn their investment back into cash, it can cancel their units. The number of units in the fund, and the amount of money invested, goes up and down according to supply and demand.Funds are managed by professional fund managers who invest in securities to achieve the trust's objectives such as capital growth, income or a combination of both. Shares purchased from brokers are called load funds and those purchased direct from the fund company are called no load funds. Shares when sold are redeemed at their net asset value. There is a wide range of funds with a variety of objectives available in which to invest including capital growth and income. Similar to a unit trust in the UK.Similar MatchesMutual companyMutual companyA corporation that is owned by a group of members and that distributes income in proportion to the amount of business that members do with the company. DemutualisationDemutualisationThe process by which building societies and mutual insurers convert themselves from mutual organisations (owned by their members/customers) to profit-making companies which distribute profits to their shareholders. Mutual recognitionMutual recognitionThe acceptance by one country of another country's certification that a satisfactory standard has been met for ability, performance, safety, etc. Flexible mutual fundFlexible mutual fundFund that invests in a variety of securities in varying proportions in order to maximize shareholder returns while maintaining a low level of risk. DemutualiseDemutualiseThe process by which building societies and mutual insurers convert themselves from mutual organisations (owned by their members/customers) to profit-making companies which distribute profits to their shareholders. Further Suggestionsmutual savings bankEnergy mutual fund Mutual Savings Bank Mutually exclusive investment decisions Socially conscious mutual fund balanced mutual fund Council for Mutual Economic Assistance Aggressive growth mutual fund Mutual fund theorem mutual fund custodian Mutual fund cash to assets ratio Option mutual fund Asset allocation mutual fund Mutual fund custodian Mutual savings bank Mutual exclusion doctrine Mutual association Bond mutual fund specialised mutual fund No load mutual fund bond mutual fund Money Market Mutual Maximum capital gains mutual fund Lipper Mutual Fund Industry Average International mutual fund |
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