Ten million randomly picked portfolios performed better over four decades, once the risk taken was considered, than an index based on the size of the companies included on it, which is
how tracker funds select shares.»
According to
fund tracker Morningstar: «A mutual
fund is a basket of stocks, bonds or other types of assets that is professionally managed by an investment company on behalf of investors who don't have the time, know -
how or resources to buy a diversified collection of individual securities (stocks, bonds etc.) on their own.