Mutual Funds: Investment companies that pool money from shareholders and invest in a variety of securities, including stocks, bonds, and short-term money market assets.

 

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Mutual Funds: Investment companies that pool money from shareholders and invest in a variety of securities, including stocks, bonds, and short-term money market assets.

Mutual Fund: A mutual fund is a professionally managed investment product that sells shares to investors and pools the capital it raises to purchase investments. A fund typically buys a diversified portf . . . View Full Definition

Open-End Mutual Fund: Most mutual funds are open-end funds. This means they issue and redeem shares on a continuous basis, and grow or shrink in response to investor demand for their shares. Open-end mutual funds . . . View Full Definition

Lipper Mutual Fund Industry Average: The average level of performance for all mutual funds, as reported by Lipper Analytical Services.

12B-1 Funds: Mutual funds that do not charge an up-front or back-end commission, but instead take out up to 1.25% of average daily fund assets each year to cover the costs of selling and marketing shares . . . View Full Definition

Fund Of Funds: The person whose responsibility it is to oversee the allocation of the pool of money invested in a particular mutual fund. The fund manager is charged with investing the money to attain the . . . View Full Definition

Forward Fed Funds: Foreign currency purchase or sale at the current exchange rate but with payment or delivery of the foreign currency at a future date.

Flow Of Funds: The costs associated with creating capital through the issue of new stocks or bonds, including the compensation earned by the investment banker plus legal, accounting and printing expenses.

Flexible Mutual Fund: Expenses for an individual or corporation that can be adjusted or completely dispessed with, e.g., luxury goods.

Fund Of Funds (FOF): A fund of funds is a pooled investment, such as a mutual fund or a hedge fund, whose underlying investments are other funds rather than individual securities. Despite some major differences, . . . View Full Definition