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An investment company that continually offers new shares and buys existing shares back at the request of the shareholder and uses its capital to invest in diversified securities of other companies.
(Banking & Finance) US and 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
an investment company that is capitalized by the constant sale of its stock, which it is obligated to repurchase from its shareholders on demand.
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|Noun||1.||mutual fund - the pooled money that is invested in assets|
index fund - a mutual fund whose assets are stocks on a given list
|2.||mutual fund - a regulated investment company with a pool of assets that regularly sells and redeems its shares|
investment company, investment firm, investment trust, fund - a financial institution that sells shares to individuals and invests in securities issued by other companies
index fund - a mutual fund that invests in the stocks that are the basis of a well-known stock or bond index