INVESTING: Mutual Funds checklist

Mutual funds are a type of investment which many people choose. Below is some information about mutual funds.


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A mutual fund is a collection of investments in several instruments
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Mutual funds invest in stocks, bonds and other securities
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A mutual fund will have a fund manager
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There are three types of mutual funds: open-ended funds, closed-ended funds and unit investment trusts
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Open-ended funds allow the purchase of shares at any time
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Closed-ended funds only allow share purchase when it is created
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Unit investment trusts offer a fixed number of shares and have a finite life
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A mutual fund normally consists of a specific type of investment
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Usually profits made from mutual funds are reinvested
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There is a small management fee
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Mutual funds can be purchased on exchanges

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