mutual fund

American  

noun

1. an investment company that issues shares continuously and is obligated to repurchase them from shareholders on demand.

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mutual fund British  

noun

1. British equivalent: unit trust.  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

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mutual fund Cultural  

1. 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.

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Etymology

Origin of mutual fund

First recorded in 1790–1800

Example Sentences

Snider and the team said 57% of large-cap mutual funds were outperforming their benchmarks year to date, and if that continues, will match 2022 as the strongest year for mutual fund performance since 2007.

From MarketWatch

Snider and the team said 57% of large-cap mutual funds were outperforming their benchmarks year to date, and if that continues, will match 2022 as the strongest year for mutual fund performance since 2007.

From MarketWatch

A traditional open-ended mutual fund’s share price is calculated once a day at the market close.

From MarketWatch

For a traditional open-ended mutual fund, such as this one, a booked gain is distributed to its shareholders.

From MarketWatch

As of the third quarter of last year, people 70 and over controlled roughly 39% of all equities and mutual funds owned by households, compared with 22% in 2007, according to Federal Reserve data.

From The Wall Street Journal

Related Words

• bond fund
• closed-end fund
• investment fund
• retirement plan