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1. Mutual Fund Basics A Mutual Fund is a trust that collects money from investors who share a common financial goal, and invest the proceeds in different asset classes, as defined by the investment objective. Simply put, mutual fund is a financial intermediary, set up with an objective to professionally manage the money
Company Institute classifies mutual funds into 33 broad categories according to their basic investment objective. (See p.18, “Types of Mutual Funds.”) There are also specialty or sector funds that invest primarily in a specialized segment of the securities markets. 4537 5329 5729 6254 7791 7314 6684 1993 1994 1995 1996 1997 1998 1999 Number ...
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Index-based mutual funds and ETFs seek to track an under-lying securities index and achieve returns that closely corre-spond to the returns of that index with low fees. They generally invest primarily in the component securities of the index and typically have lower management fees than actively managed funds.
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Mutual funds fit into three main categories—money market funds, bond funds, stock funds (also called “equity” funds). Each category has unique features, risks and rewards. In general, the higher the potential return, the higher the potential risk of loss. Mutual funds are not FDIC-insured or guaranteed by any governmental agency.
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There are about 8,000 mutual funds representing a wide variety of investment objectives, from conservative to aggressive, and investing in a wide range of securities. The Investment Company Institute classifies mutual funds into 33 broad categories according to their basic investment objective. (See “Types of Mutual Funds” on page 12.)
Mar 29, 2024 · Different types of mutual funds, such as equity, bond, and balanced funds, are for different investment strategies. ... (Page 97 of PDF). ... Aggressive Growth Fund: Examples of Mutual Fund Class ...
Each class has different fees and expenses, which affect the overall rate of return. The share classes typically offered by mutual fund companies are described below. You can find out if a mutual fund has different classes by reading the Prospectus or by asking your Financial Services Professional.
