Mutual fund company
A mutual fund company is a privately or publicly owned business that manages, sells and markets closed-end and open-end mutual funds to the public. They typically offer a variety of funds and investment services to mutual fund investors that include portfolio management, record keeping, custodial trust, legal, accounting and tax management services.
As of November 30, 2015, Canadian mutual funds held $1.23 trillions dollars in assets, were held by 33% of Canadian households and account for 31% of Canadians' financial wealth.
How to buy mutual funds
Mutual funds can be purchased:
- In a mutual fund account offered by the fundco or bank
- In a discount brokerage account
- Canadian Mutual Fund Companies, The Fund Library