A mutual fund is simply a financial intermediary that allows a group of investors to pool their money together with a predetermined investment objective.
A mutual fund will have a fund manager who is responsible for investing the pooled money into specific securities (usually stocks or bonds). When you invest in a mutual fund, you are buying shares (or portions) of the mutual fund and become a shareholder of the fund.
Money Market Funds
|March 11, 2014| 06:19:11 - Advisors Page|