What Should I Look For in a Mutual Fund?

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What Should I Look For in a Mutual Fund?

A mutual fund is an investment management company that pools the money of investors and hires an investment advisor to invest that money in an attempt to achieve a financial objective. Mutual funds can invest in stocks, bonds, money markets, or other securities, and may be designed for current income, capital appreciation, or capital preservation. A mutual fund must make its purpose clear, and actively pursue that purpose. For instance, a large-cap mutual fund must invest 80% of its assets in large-cap stocks.

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