mutual fund

noun
1.
an investment company that issues shares continuously and is obligated to repurchase them from shareholders on demand.
Also called open-end investment company.
Origin
1790-1800
Examples from the web for mutual fund
  • The average stock-market mutual fund was down almost three per cent for the year.
  • For consumers, money market funds generally function as a cross between a mutual fund and a bank account.
  • Think about a mutual fund market where data on market returns were nonexistent.
  • Turn them into mortgage mutual fund companies knees.
  • All companies will be held by a giant mutual fund that every citizen shares in.
  • If you don't believe me, read a book about the legal challenges to starting a hedge fund or mutual fund.
  • Every pension fund and mutual fund should be working together toward the same end.
  • But it stopped working, and now the legendary mutual fund manager is retiring.
  • Harvesting losses with a mutual fund is a little easier.
  • Not according to some mutual fund industry critics, who say investors should avoid funds with high fees.
British Dictionary definitions for mutual fund

mutual fund

noun
1.
(US & Canadian) an investment trust that issues units for public sale, the holders of which are creditors and not shareholders with their interests represented by a trust company independent of the issuing agency British equivalent unit trust
mutual fund in Culture

mutual fund definition


A company organized for the purpose of making investments. A mutual fund gets its capital stock from private individual investors, who, in effect, allow the mutual fund to decide where to invest their money.