Definition of mutual fund in English:

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mutual fund

Pronunciation: /ˈmyo͞oCH(o͞ow)əl ˌfənd/


North American
An investment program funded by shareholders that trades in diversified holdings and is professionally managed.
Example sentences
  • The agency is already battling court challenges to its rules on hedge funds and mutual funds.
  • A closed-end fund is a mutual fund whose shares trade on the stock exchanges, just as a stock does.
  • Allowing big investors to trade in mutual funds after hours is simply against the law.
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