Dictionary

mutual fund en · NOUN

Meanings

1. A form of collective investment in which money from many investors is pooled and invested in stocks, bonds, short-term money market instruments, or other securities under the direction of a fund manager.
   • The work of the Laureates has affected not only academic research but also market practice. The fact that stock markets are very hard to predict in the short run, and that stock-picking is very difficult both in the short and the long run, has led to close examination of the performance by mutual funds. Research generally has failed to find that mutual funds generate positive returns above what can be motivated by the level of risk; once fund fees are taken into account, their asset management often yields negative excess returns. The recent growth of index funds, which collect all stocks in passively managed portfolios, follows that insight. Moreover, the few successful specialized funds we observe are often motivated by the new factors – “size” and “book-to-market” – that are included in the extended version of the CAPM. 2013, The Royal Swedish Academy of Sciences, “Trendspotting in Asset Markets (Prize in Economic Sciences 2013 / Popular Science Background)”, in nobelprize.org, retrieved 20 Oct 2013:

Forms

Relateds

mutual organization

Translations (13)

fi sijoitusrahasto (finance: form of collective investment) · ro fond mutual (finance: form of collective investment) · bg взаимо-спомагателен фонд (finance: form of collective investment) · ms dana bersama (finance: form of collective investment) · ru взаи́мный фонд (finance: form of collective investment) · pl fundusz powierniczy (finance: form of collective investment) · cmn 共同基金 (finance: form of collective investment) · fr fonds communs (finance: form of collective investment) · fr fonds mutuel (finance: form of collective investment) · hu befektetési alap (finance: form of collective investment) · id reksa dana (finance: form of collective investment) · hy փոխադարձ հիմնադրամ (finance: form of collective investment) · es fondo mutuo / mutual / mutualista (finance: form of collective investment)