Question & Answer
What is a mutual fund?
Posted, by moneyman on June 19th, 2009
What is a mutual fund?
Answers
Answer, by moneyman on June 19th, 2009
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.

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