A mutual fund's capital is invested in a group (portfolio) of corporate securities, commodities, options, etc., that match the fund's objectives detailed in its prospectus. The level of a mutual fund's income from its portfolio determines the daily market value (called net asset value) at which its units are redeemable on any business day, and the dividend paid to its unit holders.
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Use mutual fund in a sentence
She didn't want to invest in any in particular stock, so she invested in a broad index mutual fund to lower her risk.
The economics students prepared for their lessons on mutual funds by researching corporate security and portfolio options to determine the daily market value.
When researching investment options for his retirement savings, Jeff decided that mutual funds with a mix of stocks and bonds would be the best choice for his personal goals.