It’s mutual fund back-to-basic in this article.
But instead of giving you another single-statement definition of a mutual fund, I’m going to introduce three concepts that you should remember always.
Mutual Fund investors in the Philippines should know the following:
Concept #1: A mutual fund is an investment company structured as a business corporation and managed by a Fund Manager.
Concept #2: Mutual Fund is a pooled investment money coming from many investors with a common financial goal.
Concept #3: A Mutual Fund is guided by an investment philosophy or objective.
Plus, you will also learn the many uses of mutual funds in helping you aim for and hit your financial goals in life.