mutual fund

/ˌmjutʃ(uw)əl ˈfʌnd/

Other forms: mutual funds

Definitions of mutual fund

1. noun

   the pooled money that is invested in assets
   types:

   ETF, exchange traded fund

   a mutual fund that is traded on a stock exchange

   index fund

   a mutual fund whose assets are stocks on a given list

   type of:

   fund, monetary fund

   a reserve of money set aside for some purpose
2. noun

   a regulated investment company with a pool of assets that regularly sells and redeems its shares
   synonyms: mutual fund company, open-end fund, open-end investment company

   types:

   index fund

   a mutual fund that invests in the stocks that are the basis of a well-known stock or bond index

   type of:

   fund, investment company, investment firm, investment trust

   a financial institution that sells shares to individuals and invests in securities issued by other companies