mutual funds

mutual funds
See collective investment scheme. Dresdner Kleinwort Wasserstein financial glossary
Pooled funds from investors for investment by an investment company in shares of other companies, in accordance with a stated set of objectives. Unlike investment trusts mutual funds are open-end funds where the investor may redeem his/her shares at any time at the prevailing market price. Financial Services Glossary

Financial and business terms. 2012.

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