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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
While that is about half the roughly $20 trillion in mutual funds, ETFs have steadily eroded mutual funds’ market share since debuting in the early 1990s.
—Greg Iacurci, CNBC, 17 Dec. 2024
Usually, a check is mailed to the IRA owner’s last known address or legal title to shares of stock or mutual funds are transferred to the IRA owner’s name.
—Bob Carlson, Forbes, 14 Dec. 2024
The Vanguard Group, the country’s largest mutual fund provider, and BlackRock, the world’s largest asset manager, with over $11.5 trillion under its supervision, have the largest stakes in Albertsons.
—Steve Kopack, NBC News, 12 Dec. 2024
Instead of cash, Americans might consider directly donating long-term appreciated assets like stocks, mutual funds, bonds, real estate or private company stock, advisers say.
—Medora Lee, USA TODAY, 2 Dec. 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 21 Dec. 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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