A mutual fund pools money from many investors and is managed by professionals.
How they work
Your money buys units in the fund, which invests in shares, bonds or other assets.
Types
- Equity funds
- Income or bond funds
- Money market funds
- Balanced funds
What to check
- Fees and charges
- Risk level
- Past performance (not a guarantee)
- Whether the fund is regulated
This article is general information, not personal financial advice. Consider speaking with a qualified professional about your situation.
