A mutual fund is an open-end professionally managed investment fund that pools money from many investors to purchase securities.These investors may be retail or institutional in nature. Option writing funds are all the rage now due to increasing use in pension plans, growth in the number of mutual funds using them and a new Morningstar category.

The distinctions among funds aren't always clear, but in general, equity funds pursue one of these three primary goals: Income, capital gains, or both.To really be sure about categorizing, you must study the fund 's underlying investments.However, there are a few broad categories that most funds fit into. There are literally thousands of equity funds out there, and each has unique characteristics. For example, as interest rates have risen, the yields on most bank money market accounts (which are set by the banks themselves) have stayed relatively flat, while money market mutual fund … What are mutual funds?

Mutual funds are …
The 2020 Best Mutual Funds logo and accolades are available for licensing through Investor's Business Daily's partner, The YGS Group. 10/25/16 10:53AM Mutual funds are investments that pool your money together with other investors to purchase shares of a collection of stocks, bonds, or other securities, referred to as a portfolio, that might be difficult to recreate on your own.