When you buy a mutual fund, you own a portion of a collective pool of money that is invested on the behalf of
shareholders by a money manager.
Not exact matches
Herbalife Ltd. won dismissal of a lawsuit
by a
shareholder who said he lost
money after hedge - fund
manager William Ackman accused the nutrition company of being a pyramid scheme.
Bond mutual funds are pools of
money deposited
by individual
shareholders, collectively invested in bonds
by professional
money managers.