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mutual fund

A mutual fund is an investment option in which your money is pooled with the money of other investors and then invested by a professional fund manager. (noun)

An example of a mutual fund is an investment that invests in stocks from a specific industry, such as companies in the technology industry.

See mutual fund in Webster's New World College Dictionary

☆

a fund consisting of a number of diversified securities that is owned jointly by those who have purchased shares in it as an investment
a company or corporation that manages such a fund or funds

See mutual fund in American Heritage Dictionary 4

noun

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.

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