What is Mutual Fund?
A mutual fund pools money from many investors and uses it to buy a basket of stocks, bonds, or other assets that a manager or a rule set chooses. Unlike an ETF, a mutual fund usually trades once per day at a price set after the market closes, rather than continuously through the day. Mutual funds can be actively managed or built to track an index, and they charge fees that vary widely.
Why Mutual Fund matters
Mutual funds are a long-standing way to invest in a diversified basket, often inside retirement accounts.
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