Noun: mutual fund myoo-choo-ul fúnd
- A regulated investment company with a pool of assets that regularly sells and redeems its shares
"The mutual fund company offered a variety of funds to suit different investor needs"; "The open-end investment company offered a diverse portfolio of mutual funds";
- mutual fund company, open-end fund, open-end investment company
- The pooled money that is invested in assets
"They invested in a diversified mutual fund"
Derived forms: mutual funds
Type of: fund, investment company, investment firm, investment trust, monetary fund
Encyclopedia: Mutual fund