mutual fund

Definitions of mutual fund
1

n the pooled money that is invested in assets

Types:
ETF, exchange traded fund
a mutual fund that is traded on a stock exchange
index fund
a mutual fund whose assets are stocks on a given list
Type of:
fund, monetary fund
a reserve of money set aside for some purpose

n a regulated investment company with a pool of assets that regularly sells and redeems its shares

Synonyms:
mutual fund company, open-end fund, open-end investment company
Types:
index fund
a mutual fund that invests in the stocks that are the basis of a well-known stock or bond index
Type of:
fund, investment company, investment firm, investment trust
a financial institution that sells shares to individuals and invests in securities issued by other companies

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