What is a mutual fund?
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What is a mutual fund?
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Submitted by jesse1290 on Sun, 06/21/2009 - 23:48.
A:
Answer by jesse1290
A mutual fund is a professionally managed pool of money from many investors and that is invested it in stocks, bonds, short-term money market instruments, and/or other securities. The mutual fund will have a fund manager that trades the pooled money on a regular basis. As of early 2008, the worldwide value of all mutual funds totals more than $26 trillion.
Answer by jesse1290
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