- Home
- Meet the Team
- Log In
- Contact
- Careers
- Search
- Search Results
- Branches & ATMs
- Rates
- Log In
- About MCU
- Join MCU
- Personal Banking
- Lending
- Meet the Team
- Loans
- Home Loans
- Conventional Mortgages
- Jumbo Mortgages
- High-Balance Mortgages
- Family Homes, Co-Ops, and Condos
- Investment Property
- ARMs
- Adam Gonda
- Xiang He Lin
- Sabrina Kilgore
- Omar Osoria
- Michele Palmucci
- Cesarina Pena
- Walter Skowronski
- Shantell Wynn
- Homebuyer Dream Program
- Heroes Home Improvement Loan
- Mortgage Center
- Credit Cards
- Insurance
- Member Resources
- MCU Financials
- Forms and Disclosures
- Privacy Policy
- Automated Telephone Banking
- Order New Checks
- Security & Fraud Alerts
- Privacy Notice
- Scholarship Search
- Schedule an Appointment
Mutual Fund
A type of fund managed by professional investment managers that pools money from many investors and uses that money to buy a diversified portfolio.
More Details
A mutual fund is an investment vehicle that pools together money from a large number of investors and uses that money to buy a diversified portfolio of stocks, bonds, or other securities. Mutual funds are managed by professional fund managers who research and select investments for the fund based on its stated investment objective.
Example
Imagine that you want to invest in the stock market but don't have the time or expertise to choose individual stocks. You might invest in a mutual fund instead. Your money is combined with other investors' money and the fund manager uses it to buy a diversified portfolio of stocks, bonds, or other securities. You can choose a mutual fund based on your investment goals and buy or sell shares as needed. Mutual funds can be a convenient and diversified way to invest in the stock market and can be suitable for investors with different risk tolerances and investment horizons.
Related Terms
Clearing House
An institution that processes financial transactions, such as the exchange of securities, between two parties.
Secured Credit Card
A credit card designed to help repair or establish credit with a predetermined credit limit secured by a collateral savings account.
Investment
The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.