Mutual Funds
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A mutual fund[1] is a collective investment pool that allows small investors to purchase large blocks of investments at a modest purchase price. Many different investment styles are available. Filters to aid in mutual fund selection can be obtained from Globefund and Morningstar.
Mutual fund investors should be aware of the impact of fees on long-term performance, which can be examined with the OSC's Mutual Fund Fee Calculator. A lower-cost alternative to mutual funds can often be obtained with an Exchange Traded Fund.
References
- ↑ Wikipedia, Mutual Fund, viewed February 21, 2009.
