Desde Investopedia

TERM OF THE DAY

Mutual Fund A mutual fund is an investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual funds are operated by money managers, who invest the fund's capital and attempt to produce capital gains and income for the fund's investors. A mutual fund's portfolio is structured and maintained to match the investment objectives stated in its prospectus.

Breaking it Down: One of the main advantages of mutual funds is they give small investors access to professionally managed, diversified portfolios of equities, bonds and other... Read More