Question

what are mutual funds??​

Answer 1

Answer:

A mutual fund is an open-end professionally managed investment fund that pools money from many investors to purchase securities. These investors may be retail or institutional in nature

please mark it as brainliest answer..

please follow me..

Answer 2

Explanation:

A mutual fund is an open-end professionally managed investment fund[1] that pools money from many investors to purchase securities. These investors may be retail or institutional in nature. The term is typically used in the United States, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital') and open-ended investment company (OEIC) in the UK.

Mutual funds have advantages and disadvantages compared to direct investing in individual securities. Advantages of mutual funds include economies of scale, diversification, liquidity, and professional management