Mutual Fund

Definition: Portfolio of securities held and managed on behalf of investors. Definition: [crh] Mutual funds are pools of money that are managed by an investment company. They offer investors a variety of goals, depending on the fund and its investment charter. Some funds, for example, seek to generate income on a regular Definition: >basis. Others seek to preserve an investor's money. Still others seek to invest in companies that are growing at a rapid pace. Funds can imDefinition: pose a sales charge, or load, on investors when they buy or sell shares. Many funds these daDefinition: ys are no load and impose no sales charge. Mutual funds are investment companies regulated by the Investment Company Act of 1940. Related: open-end fund, closed-end fund.

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