What Is a Mutual Fund?
You would own a proportionate piece of everything the pot owns, and of what it earns.
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1.What does one share of a mutual fund give you?
You would own a proportionate piece of everything the pot owns, and of what it earns.
2.Who holds the fund's securities in the United States?
Custody does not protect against price changes; it only separates the keys from the gardener.
3.What is the fund's rulebook called?
It names the strategy and the risks, and you can read it for free.
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Sources (5)
- U.S. Securities and Exchange Commission, Office of Investor Education and Advocacy, Mutual Funds and ETFs: A Guide for Investors
- Investment Company Act of 1940, Section 17(f), 15 U.S.C. 80a-17(f), Cornell LII
- FINRA, Mutual Funds (Investor Education)
- K. Geert Rouwenhorst, The Origins of Mutual Funds, Yale ICF Working Paper No. 04-48 (12. December 2004)
- Eigene Rechnung: Leo, Marge
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