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mutual fund
noun
: an open-end investment company that invests money of its shareholders in a usually diversified group of securities of other corporations
Examples of mutual fund in a Sentence
She invested her money in a mutual fund.
Recent Examples on the Web
Ken Squire is the founder and president of 13D Monitor, an institutional research service on shareholder activism, and the founder and portfolio manager of the 13D Activist Fund, a mutual fund that invests in a portfolio of activist 13D investments.
—Kenneth Squire, CNBC, 26 Oct. 2024
When the proceeds from such divestment are put in say, a mutual fund, the taxes are technically deferred until the new assets are sold.
—Bygreg McKenna, Fortune, 25 Oct. 2024
The Taiwanese government is the largest shareholder, but most of the company is owned by foreign investors, including American mutual funds.
—Russ Wiles, The Arizona Republic, 24 Sep. 2024
In the past, Brisbane worked as a manager for a biotechnology mutual fund, according to a progress report from 2017 for the Cancer Research & Treatment Fund.
—Elaine Mallon, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 19 Oct. 2024
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Word History
First Known Use
1932, in the meaning defined above
Dictionary Entries Near mutual fund
Cite this Entry
“Mutual fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/mutual%20fund. Accessed 14 Nov. 2024.
Legal Definition
mutual fund
see fund sense 2
More from Merriam-Webster on mutual fund
Britannica.com: Encyclopedia article about mutual fund
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