What Is Mutual Fund?
From the SB Advisors Academy money glossary · Free, no signup
A pooled investment vehicle where many investors’ money is combined and managed by a professional fund manager who makes buy and sell decisions.
A worked example
You invest $500 into a mutual fund focused on technology companies. The fund manager decides which tech stocks to hold and when to buy or sell them.
Category
Part of the "Investing Basics" group in the money glossary.