Mutual Fund
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Definition:
A mutual fund is professionaly managed, open-ended fund which serves as an investment vehicle that raises money through the sale of shares and invests in various investment vehicles. Because of this, mutual funds benefit from diversification, since investments are spread across many securities and the movement (volatility) of the assets will not move in the same direction.
Related Concepts:Asset Class
12b-1 Fee
Back-end Load
Diversification
Open End Fund
Available Positions Related to Mutual Fund:Asset & Investment Management jobs
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