Mutual fund

{
  "id": "MLC-T-LAW-003340",
  "term": "Mutual fund",
  "field": "Law",
  "definition": "An investment vehicle that pools money from multiple investors to purchase a diversified portfolio of securities, such as stocks, bonds, and money market instruments. A professional money manager oversees the fund's investments, aiming to achieve specific investment objectives. Investors buy shares in the fund, and the value of their shares fluctuates with the performance of the underlying assets.",
  "url": "https://mlchart.com/terminology/law/mutual-fund/"
}