Mutual fund
A mutual fund is an investment where money is pooled together to buy a mix of assets, including equities, stocks, bonds and other securities. A mutual fund investment portfolio is managed by a fund manager. By investing in mutual funds, people diversify their investments, which can help reduce risk. Investors earn returns based on the fund’s performance minus fees and expenses. Unlike exchange traded funds and LICs that are traded on a stock exchange, mutual funds must be bought directly from the financial company that manages them.
We acknowledge and thank the FMA, Dr Karena Kelly and Brook Taurua Grant, the RBNZ and the Māori Dictionary for their research which helped us with te Reo Māori kupu for this glossary.
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