Mutual Fund. A mutual fund is an investment that pools money from investors who have consistent investment objective and invests the money in stocks, bonds or other securities. Mutual Funds are managed by professional managers, and the investment managers are responsible for selecting and managing the securities held in the fund while the investors could share the fund's income, expenses and other gains or losses that the fund makes based on its investments, in proportion to the shares they own.
Appears in 5 contracts
Samples: Securities Account Agreement, Securities Account Agreement, Client Securities Account Agreement
