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Mutual Fund

The common name for an open-end investment company. Like other types of investment companies, mutual funds pool money from many investors and invest the money in stocks, bonds, short-term money-market instruments, or other securities. Mutual funds issue redeemable shares that investors buy directly from the fund or through a broker for the fund instead of from other investors.

Term Category:

Asset Allocation Mutual Fund

Mutual Fund

Term Category:

Glossary