Whats a mutual fund?
A mutual fund is simply a pool of money from a number of investors with similar goals. When you invest in a mutual fund, you buy part of the fund, called a unit. The more money you invest, the more units you receive. Decisions concerning the fund are made by managers. Mutual funds invest in a wide range of securities, notably common and preferred shares, debt securities such as bonds and debentures, as well as money market instruments such as Treasury bills.
Related Questions
- What other funds in the current plan lineup are closed to new investors? Will any of the closed funds be available to participants who invest in the new self-directed mutual fund window?
- What if my clients want to sell a portion of their pledged Franklin Templeton mutual fund shares?
- What is the difference between a mutual fund and a stock?
