About Mutual Funds Latest on mutual fund industry developments and mutual fund investing topics.
Lipper Leaders Set of tools for selecting mutual funds, includes mutual fund scores.
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Mutual Fund A mutual fund enables investors to pool their money and place it under professional investment management. The portfolio manager trades the fund's underlying securities, realizing a gain or loss, and collects the dividend or interest income. The investment proceeds are then passed along to the individual investors. There are more mutual funds than there are individual stocks.
Mutual Fund Scandal (2003) The mutual fund scandal of 2003 was the result of the discovery of both illegal and unethical trading practices on the part of certain hedge fund and mutual fund companies.